State of Alaska Department of Revenue Has $362,000 Stake in Choice Hotels International, Inc. (NYSE:CHH)

State of Alaska Department of Revenue reduced its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 95.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,550 shares of the company’s stock after selling 59,199 shares during the quarter. State of Alaska Department of Revenue’s holdings in Choice Hotels International were worth $362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of Choice Hotels International by 81.4% in the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 179 shares in the last quarter. Anchor Investment Management LLC bought a new position in Choice Hotels International in the third quarter valued at approximately $55,000. Quarry LP bought a new position in shares of Choice Hotels International during the third quarter worth about $63,000. Eagle Bay Advisors LLC lifted its position in shares of Choice Hotels International by 12.9% in the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock worth $110,000 after purchasing an additional 96 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Choice Hotels International during the fourth quarter worth about $125,000. 65.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Bank of America upped their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their target price on Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $136.33.

Choice Hotels International Price Performance

NYSE:CHH opened at $146.06 on Friday. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $156.25. The company has a market cap of $6.85 billion, a PE ratio of 27.98, a P/E/G ratio of 1.96 and a beta of 1.23. The firm’s 50 day simple moving average is $144.72 and its 200 day simple moving average is $137.67.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is 22.03%.

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.