Wells Fargo & Company MN Cuts Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Wells Fargo & Company MN cut its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 633,812 shares of the company's stock after selling 63,813 shares during the period. Wells Fargo & Company MN owned 1.35% of Choice Hotels International worth $89,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CHH. Quarry LP purchased a new position in shares of Choice Hotels International during the 3rd quarter worth about $63,000. Quantinno Capital Management LP bought a new stake in Choice Hotels International in the third quarter worth about $368,000. Stifel Financial Corp boosted its position in shares of Choice Hotels International by 31.4% during the third quarter. Stifel Financial Corp now owns 143,783 shares of the company's stock valued at $18,735,000 after buying an additional 34,396 shares during the period. MML Investors Services LLC grew its stake in shares of Choice Hotels International by 13.6% during the third quarter. MML Investors Services LLC now owns 6,692 shares of the company's stock valued at $872,000 after buying an additional 802 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Choice Hotels International in the third quarter worth approximately $395,000. 65.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CHH. Jefferies Financial Group cut their price objective on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research report on Wednesday. Barclays upped their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. StockNews.com lowered shares of Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Truist Financial upped their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research note on Friday, March 21st. Finally, Redburn Atlantic raised shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target for the company in a research note on Monday, March 24th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $139.15.

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Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. The trade was a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction 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. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by corporate insiders.

Choice Hotels International Trading Up 1.6 %

Shares of CHH traded up $1.93 during trading hours on Friday, hitting $124.92. The company had a trading volume of 370,544 shares, compared to its average volume of 408,150. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The company's fifty day moving average price is $137.95 and its two-hundred day moving average price is $140.62. The company has a market capitalization of $5.84 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08.

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

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.92%. Choice Hotels International's payout ratio is 18.46%.

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.