Axxcess Wealth Management LLC Sells 225 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Axxcess Wealth Management LLC decreased its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 10.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,932 shares of the company’s stock after selling 225 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Choice Hotels International were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in Choice Hotels International during the third quarter valued at approximately $55,000. Tortoise Investment Management LLC lifted its position in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after purchasing an additional 154 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Choice Hotels International by 836.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after purchasing an additional 393 shares during the period. Quarry LP bought a new position in Choice Hotels International during the third quarter valued at approximately $63,000. Finally, Jones Financial Companies Lllp increased its holdings in Choice Hotels International by 165.5% during the fourth quarter. Jones Financial Companies Lllp now owns 600 shares of the company’s stock valued at $85,000 after buying an additional 374 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares of the company’s stock, valued at $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 Stock Performance

CHH opened at $129.65 on Friday. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.90 and a beta of 1.25. The company has a fifty day moving average of $143.92 and a 200 day moving average of $140.48. Choice Hotels International, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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 net margin of 18.91% and a negative return on equity of 472.31%. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.89%. Choice Hotels International’s payout ratio is 18.46%.

Analysts Set New Price Targets

CHH has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Barclays upped their target price on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. The Goldman Sachs Group upped their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Susquehanna upped their target price on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $141.33.

Choice Hotels International Company 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.