Insider Selling: Stephen P. Joyce Unloads 15,586 Shares of Choice Hotels International Stock (CHH)
Choice Hotels International (NYSE:CHH) CEO Stephen P. Joyce unloaded 15,586 shares of Choice Hotels International stock on the open market in a transaction dated Thursday, January 30th. The shares were sold at an average price of $47.99, for a total transaction of $747,972.14. Following the sale, the chief executive officer now directly owns 90,632 shares in the company, valued at approximately $4,349,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CHH shares. Analysts at Barclays raised their price target on shares of Choice Hotels International from $41.00 to $46.00 in a research note to investors on Tuesday, January 21st. They now have an “underweight” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Choice Hotels International from $39.00 to $44.00 in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse reiterated a “hold” rating on shares of Choice Hotels International in a research note to investors on Sunday, November 3rd. They now have a $43.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $42.00.
Shares of Choice Hotels International (NYSE:CHH) traded up 0.29% on Friday, hitting $48.38. The stock had a trading volume of 36,832 shares. Choice Hotels International has a 52-week low of $35.43 and a 52-week high of $50.37. The stock’s 50-day moving average is $48.82 and its 200-day moving average is $44.42. The company has a market cap of $2.806 billion and a price-to-earnings ratio of 25.82.
Choice Hotels International, Inc(NYSE:CHH) is one of the hotel franchisors with 6,243 hotels open and 482 hotels under construction, awaiting conversion or approved for development as of December 31, 2012 representing 499,253 rooms open and 38,969 rooms under construction, awaiting conversion or approved for development in 49 states, the District of Columbia and over 35 countries and territories outside the United States.
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