Choice Hotels International Inc (NYSE:CHH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Choice Hotels International Inc (NYSE:CHH) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,642 shares of the company’s stock after selling 123,700 shares during the quarter. New York State Common Retirement Fund owned about 0.58% of Choice Hotels International worth $33,371,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. California State Teachers Retirement System increased its stake in Choice Hotels International by 0.7% during the third quarter. California State Teachers Retirement System now owns 53,664 shares of the company’s stock worth $4,774,000 after acquiring an additional 357 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Choice Hotels International by 16.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,517 shares of the company’s stock valued at $260,000 after buying an additional 362 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Choice Hotels International by 5.3% in the third quarter. Stifel Financial Corp now owns 7,525 shares of the company’s stock valued at $672,000 after buying an additional 378 shares in the last quarter. Eqis Capital Management Inc. grew its stake in shares of Choice Hotels International by 7.6% in the third quarter. Eqis Capital Management Inc. now owns 6,483 shares of the company’s stock valued at $577,000 after buying an additional 459 shares in the last quarter. Finally, Cigna Investments Inc. New grew its stake in shares of Choice Hotels International by 18.2% in the fourth quarter. Cigna Investments Inc. New now owns 3,033 shares of the company’s stock valued at $304,000 after buying an additional 466 shares in the last quarter. 60.54% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. Bank of America cut Choice Hotels International from a “neutral” rating to an “underperform” rating and set a $95.00 price objective for the company. in a research note on Monday, January 6th. They noted that the move was a valuation call. Wells Fargo & Co lifted their price objective on Choice Hotels International from $99.00 to $111.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Longbow Research cut Choice Hotels International from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research note on Thursday, December 19th. They noted that the move was a valuation call. ValuEngine raised Choice Hotels International from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Robert W. Baird cut Choice Hotels International from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $103.00 in a research note on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $93.18.

CHH opened at $104.60 on Friday. Choice Hotels International Inc has a 12 month low of $76.20 and a 12 month high of $105.68. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.20 and a beta of 0.99. The business has a fifty day moving average price of $101.69 and a 200 day moving average price of $94.10.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.86%. This is a boost from Choice Hotels International’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, December 31st. Choice Hotels International’s payout ratio is presently 23.14%.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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