Victory Capital Management Inc. Has $670,000 Stake in Choice Hotels International, Inc. (NYSE:CHH)

Victory Capital Management Inc. cut its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 99.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,718 shares of the company's stock after selling 527,840 shares during the quarter. Victory Capital Management Inc.'s holdings in Choice Hotels International were worth $670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHH. Bleakley Financial Group LLC boosted its stake in Choice Hotels International by 5.5% in the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock valued at $300,000 after buying an additional 110 shares in the last quarter. Norden Group LLC lifted its holdings in shares of Choice Hotels International by 5.2% in the fourth quarter. Norden Group LLC now owns 4,500 shares of the company's stock worth $639,000 after acquiring an additional 223 shares during the last quarter. Trust Co. of Vermont boosted its stake in shares of Choice Hotels International by 34.0% in the 4th quarter. Trust Co. of Vermont now owns 1,045 shares of the company's stock valued at $148,000 after purchasing an additional 265 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in shares of Choice Hotels International by 6.8% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,275 shares of the company's stock valued at $607,000 after purchasing an additional 273 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of Choice Hotels International by 14.5% during the 3rd quarter. Raymond James Trust N.A. now owns 2,937 shares of the company's stock valued at $383,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 65.57% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHH. Bank of America raised their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Robert W. Baird boosted their price objective on Choice Hotels International from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Morgan Stanley increased their target price on Choice Hotels International from $131.00 to $139.00 and gave the company an "underweight" rating in a research report on Tuesday, March 4th. StockNews.com lowered Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Finally, Jefferies Financial Group upped their price objective on Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $140.62.

Choice Hotels International Price Performance

NYSE CHH traded up $1.15 during mid-day trading on Tuesday, reaching $132.62. 365,226 shares of the stock were exchanged, compared to its average volume of 408,413. The stock has a market cap of $6.20 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.90 and a beta of 1.25. The stock has a 50 day simple moving average of $143.70 and a 200-day simple moving average of $140.63. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.87%. Choice Hotels International's dividend payout ratio is currently 18.46%.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares of the company's stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.