Choice Hotels International, Inc. (CHH) Insider Sells $623,952.19 in Stock
Choice Hotels International, Inc. (NYSE:CHH) insider David A. Pepper sold 10,217 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $61.07, for a total value of $623,952.19. Following the transaction, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Choice Hotels International, Inc. (NYSE:CHH) traded up 1.55% during mid-day trading on Thursday, reaching $62.05. The company’s stock had a trading volume of 137,391 shares. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 22.92 and a beta of 1.11. Choice Hotels International, Inc. has a 52 week low of $43.70 and a 52 week high of $67.80. The firm has a 50-day moving average of $62.71 and a 200-day moving average of $62.97.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The company had revenue of $276.80 million during the quarter, compared to analyst estimates of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. On average, equities research analysts expect that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.
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A number of analysts have weighed in on CHH shares. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, July 5th. Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research report on Friday, May 5th. They noted that the move was a valuation call. Deutsche Bank AG decreased their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Finally, Telsey Advisory Group increased their price objective on 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $62.57.
Several institutional investors have recently bought and sold shares of CHH. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $104,000 after buying an additional 157 shares during the period. The Manufacturers Life Insurance Company raised its position in Choice Hotels International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after buying an additional 106 shares during the period. Quantbot Technologies LP bought a new position in Choice Hotels International during the second quarter valued at approximately $108,000. KBC Group NV bought a new position in Choice Hotels International during the first quarter valued at approximately $120,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Choice Hotels International during the first quarter valued at approximately $130,000. 50.27% of the stock is owned by institutional investors.
About Choice Hotels International
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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