Choice Hotels International, Inc. (CHH) CEO Sells $1,072,852.48 in Stock
Choice Hotels International, Inc. (NYSE:CHH) CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the transaction, the chief executive officer now directly owns 176,943 shares in the company, valued at $11,150,947.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Choice Hotels International, Inc. (CHH) traded up 0.72% during mid-day trading on Wednesday, hitting $63.10. 294,048 shares of the stock were exchanged. The firm has a 50-day moving average price of $64.95 and a 200 day moving average price of $60.91. The company has a market capitalization of $3.54 billion, a PE ratio of 24.22 and a beta of 1.11. Choice Hotels International, Inc. has a 12-month low of $43.70 and a 12-month high of $67.80.
Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, May 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The business had revenue of $197.89 million during the quarter, compared to analysts’ expectations of $216.24 million. During the same period last year, the business earned $0.37 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts expect that Choice Hotels International, Inc. will post $2.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 3rd will be paid a $0.215 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.36%. Choice Hotels International’s dividend payout ratio is presently 33.20%.
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Several institutional investors have recently added to or reduced their stakes in CHH. Principal Financial Group Inc. boosted its position in Choice Hotels International by 0.7% in the first quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock valued at $1,327,000 after buying an additional 143 shares in the last quarter. Trexquant Investment LP boosted its position in Choice Hotels International by 7.9% in the first quarter. Trexquant Investment LP now owns 4,472 shares of the company’s stock valued at $280,000 after buying an additional 328 shares in the last quarter. Swiss National Bank boosted its position in Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock valued at $3,760,000 after buying an additional 600 shares in the last quarter. Pacer Advisors Inc. boosted its position in Choice Hotels International by 14.6% in the first quarter. Pacer Advisors Inc. now owns 6,329 shares of the company’s stock valued at $396,000 after buying an additional 806 shares in the last quarter. Finally, Crawford Investment Counsel Inc. boosted its position in Choice Hotels International by 1.5% in the first quarter. Crawford Investment Counsel Inc. now owns 56,350 shares of the company’s stock valued at $3,528,000 after buying an additional 860 shares in the last quarter. 49.80% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, March 28th. Telsey Advisory Group boosted their target price on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Finally, Morgan Stanley downgraded shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research report on Friday, May 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $61.40.
Choice Hotels International Company 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.
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