Victory Capital Management Inc. raised its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 16.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,148,444 shares of the company’s stock after buying an additional 162,255 shares during the quarter. Victory Capital Management Inc. owned 2.05% of Choice Hotels International worth $73,386,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CHH. Russell Investments Group Ltd. increased its holdings in Choice Hotels International by 43.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,281 shares of the company’s stock valued at $205,000 after buying an additional 986 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Choice Hotels International by 16.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 24,845 shares of the company’s stock valued at $1,555,000 after buying an additional 3,563 shares during the period. Ameriprise Financial Inc. increased its holdings in Choice Hotels International by 607.7% in the 1st quarter. Ameriprise Financial Inc. now owns 28,151 shares of the company’s stock valued at $1,763,000 after buying an additional 24,173 shares during the period. JPMorgan Chase & Co. increased its holdings in Choice Hotels International by 1,934.5% in the 1st quarter. JPMorgan Chase & Co. now owns 20,609 shares of the company’s stock valued at $1,290,000 after buying an additional 19,596 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Choice Hotels International by 146.0% in the 1st quarter. Prudential Financial Inc. now owns 29,317 shares of the company’s stock valued at $1,835,000 after buying an additional 17,400 shares during the period. 50.14% of the stock is currently owned by hedge funds and other institutional investors.

CHH has been the topic of several analyst reports. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, October 17th. Deutsche Bank AG lowered their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Finally, Barclays PLC reissued an “underweight” rating and issued a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $63.14.

In other news, insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total value of $65,427.39. Following the sale, the insider now owns 69,864 shares in the company, valued at approximately $4,267,991.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Pepper sold 10,217 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $61.07, for a total transaction of $623,952.19. Following the completion of the sale, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The disclosure for this sale can be found here. Insiders sold a total of 40,320 shares of company stock worth $2,490,287 in the last 90 days. 22.01% of the stock is owned by corporate insiders.

Shares of Choice Hotels International, Inc. (CHH) opened at $69.80 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of -3.42. The company has a market cap of $3.94 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.97 and a beta of 1.13.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were paid a $0.215 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.23%. Choice Hotels International’s dividend payout ratio is presently 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.

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

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