Wellington Management Group LLP Sells 637,001 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Wellington Management Group LLP reduced its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 56.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 484,501 shares of the company's stock after selling 637,001 shares during the period. Wellington Management Group LLP owned approximately 1.03% of Choice Hotels International worth $68,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Choice Hotels International during the fourth quarter worth about $48,201,000. JPMorgan Chase & Co. increased its position in shares of Choice Hotels International by 38.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $52,419,000 after purchasing an additional 111,903 shares during the last quarter. Norges Bank purchased a new position in shares of Choice Hotels International in the 4th quarter valued at $15,354,000. Arrowstreet Capital Limited Partnership purchased a new position in Choice Hotels International during the 4th quarter worth $10,779,000. Finally, Stifel Financial Corp grew its position in Choice Hotels International by 31.4% during the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company's stock worth $18,735,000 after purchasing an additional 34,396 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Choice Hotels International

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

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Analyst Ratings Changes

A number of equities research analysts have recently commented on CHH shares. Susquehanna lifted their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a report on Tuesday, March 4th. Robert W. Baird increased their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research note on Friday, December 13th. Finally, Bank of America raised their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $139.15.

Choice Hotels International Trading Down 4.4 %

Shares of CHH stock traded down $5.64 on Thursday, reaching $123.25. The company had a trading volume of 49,582 shares, compared to its average volume of 409,091. The stock has a market cap of $5.76 billion, a PE ratio of 19.80, a PEG ratio of 1.90 and a beta of 1.08. The company has a 50-day moving average of $138.98 and a 200-day moving average of $140.67. Choice Hotels International, Inc. has a 12 month low of $109.22 and a 12 month high of $157.86.

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

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be given 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 0.93%. Choice Hotels International's dividend payout ratio is presently 18.46%.

Choice Hotels International Profile

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.