Choice Hotels International Inc. (CHH) Sees Large Volume Increase
Shares of Choice Hotels International Inc. (NYSE:CHH) saw an uptick in trading volume on Tuesday . 282,752 shares traded hands during trading, an increase of 41% from the previous session’s volume of 200,618 shares.The stock last traded at $49.03 and had previously closed at $48.93.
Several brokerages have recently commented on CHH. Zacks Investment Research raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Morgan Stanley reissued a “sell” rating and issued a $48.00 target price on shares of Choice Hotels International in a report on Wednesday, August 3rd. Bank of America Corp. reissued a “buy” rating on shares of Choice Hotels International in a report on Monday, July 18th. Wolfe Research started coverage on shares of Choice Hotels International in a report on Wednesday, July 6th. They issued a “market perform” rating on the stock. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Choice Hotels International in a report on Sunday, June 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.89.
The stock has a market cap of $2.76 billion and a P/E ratio of 21.62. The company’s 50 day moving average is $48.26 and its 200 day moving average is $48.82.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm earned $241.80 million during the quarter, compared to the consensus estimate of $244.21 million. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. Equities research analysts forecast that Choice Hotels International Inc. will post $2.41 EPS for the current fiscal year.
In other news, insider David L. White sold 32,090 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $45.70, for a total transaction of $1,466,513.00. Following the transaction, the insider now owns 98,786 shares in the company, valued at approximately $4,514,520.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Simone Wu sold 7,625 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $45.92, for a total transaction of $350,140.00. Following the transaction, the senior vice president now owns 15,534 shares in the company, valued at approximately $713,321.28. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Choice Hotels International stock. California Public Employees Retirement System increased its stake in Choice Hotels International Inc. (NYSE:CHH) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,700 shares of the company’s stock after buying an additional 2,500 shares during the period. California Public Employees Retirement System owned about 0.16% of Choice Hotels International worth $4,673,000 at the end of the most recent quarter.
Choice Hotels International, Inc (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.