Choice Hotels International Inc (NYSE:CHH) SVP John Bonds sold 14,820 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $83.50, for a total value of $1,237,470.00. Following the completion of the transaction, the senior vice president now directly owns 14,272 shares of the company’s stock, valued at approximately $1,191,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Choice Hotels International Inc (CHH) traded up $0.70 during trading on Monday, reaching $84.40. The company’s stock had a trading volume of 301,247 shares, compared to its average volume of 239,454. Choice Hotels International Inc has a 1 year low of $59.60 and a 1 year high of $84.55. The company has a debt-to-equity ratio of -3.42, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $4,764.45, a PE ratio of 41.23, a PEG ratio of 2.36 and a beta of 1.15.
Choice Hotels International (NYSE:CHH) last released its earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. Choice Hotels International had a negative return on equity of 68.40% and a net margin of 11.40%. The firm had revenue of $237.57 million for the quarter, compared to analysts’ expectations of $227.65 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. research analysts forecast that Choice Hotels International Inc will post 3.64 earnings per share for the current year.
A number of research firms recently commented on CHH. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Tuesday, January 9th. Barclays boosted their price target on Choice Hotels International from $67.00 to $75.00 and gave the company an “underweight” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target for the company. in a research note on Wednesday, December 13th. TheStreet downgraded Choice Hotels International from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, UBS Group raised Choice Hotels International from a “sell” rating to a “neutral” rating in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $77.13.
Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew 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 acquiring an additional 106 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Choice Hotels International by 43.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,311 shares of the company’s stock valued at $179,000 after acquiring an additional 700 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Choice Hotels International during the fourth quarter worth about $186,000. New York State Teachers Retirement System bought a new stake in shares of Choice Hotels International during the third quarter worth about $192,000. Finally, Magnetar Financial LLC bought a new stake in shares of Choice Hotels International during the third quarter worth about $202,000. Hedge funds and other institutional investors own 51.51% of the company’s stock.
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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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