Bruce Bainum Sells 20,770 Shares of Choice Hotels International, Inc. (CHH) Stock
Choice Hotels International, Inc. (NYSE:CHH) major shareholder Bruce Bainum sold 20,770 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $62.00, for a total value of $1,287,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Bruce Bainum also recently made the following trade(s):
- On Friday, September 1st, Bruce Bainum sold 7,977 shares of Choice Hotels International stock. The stock was sold at an average price of $62.15, for a total value of $495,770.55.
Shares of Choice Hotels International, Inc. (NYSE:CHH) traded down 0.89% during mid-day trading on Friday, reaching $61.45. The company’s stock had a trading volume of 4,331 shares. The firm’s 50 day moving average is $61.64 and its 200-day moving average is $63.17. Choice Hotels International, Inc. has a 52-week low of $43.70 and a 52-week high of $67.80. The company has a market capitalization of $3.45 billion, a PE ratio of 22.70 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The business had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. Analysts forecast that Choice Hotels International, Inc. will post $2.85 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC raised its holdings in Choice Hotels International by 110.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 305,038 shares of the company’s stock valued at $19,599,000 after acquiring an additional 160,038 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Choice Hotels International by 9.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 87,390 shares of the company’s stock worth $5,615,000 after buying an additional 7,254 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Choice Hotels International in the 2nd quarter worth approximately $619,000. Atlanta Capital Management Co. L L C raised its holdings in shares of Choice Hotels International by 4.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 888,607 shares of the company’s stock worth $57,093,000 after buying an additional 35,925 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Choice Hotels International by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after buying an additional 106 shares in the last quarter. 50.27% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on CHH shares. Zacks Investment Research upgraded 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. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG cut 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, Barclays PLC reiterated an “underweight” rating and issued a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $62.57.
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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