Victory Capital Management Inc. decreased its holdings in shares of Choice Hotels International Inc (NYSE:CHH) by 16.9% during the 4th quarter, HoldingsChannel reports. The firm owned 954,916 shares of the company’s stock after selling 193,528 shares during the quarter. Victory Capital Management Inc.’s holdings in Choice Hotels International were worth $74,101,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CHH. Ameriprise Financial Inc. boosted its position in shares of Choice Hotels International by 553.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 183,870 shares of the company’s stock valued at $11,814,000 after purchasing an additional 155,719 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of Choice Hotels International during the 2nd quarter valued at about $1,977,000. UBS Asset Management Americas Inc. boosted its position in shares of Choice Hotels International by 15.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 28,737 shares of the company’s stock valued at $1,846,000 after purchasing an additional 3,892 shares in the last quarter. Northern Trust Corp boosted its position in shares of Choice Hotels International by 0.6% during the 2nd quarter. Northern Trust Corp now owns 256,923 shares of the company’s stock valued at $16,506,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock valued at $180,173,000 after purchasing an additional 197,890 shares in the last quarter. Institutional investors own 50.76% of the company’s stock.

Several equities research analysts recently commented on CHH shares. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Tuesday, January 9th. SunTrust Banks reiterated a “hold” rating and issued a $71.00 price target on shares of Choice Hotels International in a report on Friday, November 10th. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target on the stock. in a report on Wednesday, December 13th. Finally, Barclays increased their price target on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Choice Hotels International has an average rating of “Hold” and an average target price of $69.13.

In other news, CEO Patrick Pacious sold 11,149 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $75.78, for a total value of $844,871.22. Following the completion of the sale, the chief executive officer now directly owns 124,073 shares of the company’s stock, valued at $9,402,251.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Bruce Bainum sold 250,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total value of $18,512,500.00. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.

Choice Hotels International Inc (NYSE CHH) opened at $79.60 on Monday. The stock has a market capitalization of $4,504.87, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International Inc has a fifty-two week low of $55.50 and a fifty-two week high of $82.85.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.03. The business had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. equities analysts expect that Choice Hotels International Inc will post 2.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.86 annualized dividend and a yield of 1.08%. Choice Hotels International’s payout ratio is currently 31.85%.

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Choice Hotels International Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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