Insider Selling: Choice Hotels International Inc (CHH) CEO Sells 11,149 Shares of Stock
Choice Hotels International Inc (NYSE:CHH) CEO Patrick Pacious sold 11,149 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $75.78, for a total value of $844,871.22. Following the transaction, the chief executive officer now owns 124,073 shares of the company’s stock, valued at $9,402,251.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Choice Hotels International Inc (NYSE:CHH) traded down $0.15 during trading on Friday, reaching $75.75. The company’s stock had a trading volume of 200,000 shares, compared to its average volume of 198,810. Choice Hotels International Inc has a one year low of $53.40 and a one year high of $79.80. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $4,295.47, a PE ratio of 27.01, a PEG ratio of 3.12 and a beta of 1.17.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company had revenue of $295.09 million for the quarter, compared to analysts’ expectations of $288.50 million. During the same period last year, the firm earned $0.84 earnings per share. Choice Hotels International’s quarterly revenue was up 10.3% on a year-over-year basis. analysts anticipate that Choice Hotels International Inc will post 2.89 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of CHH. Federated Investors Inc. PA acquired a new stake in Choice Hotels International in the second quarter valued at $14,852,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Choice Hotels International by 102.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 442,957 shares of the company’s stock valued at $28,460,000 after buying an additional 223,911 shares in the last quarter. Vanguard Group Inc. raised its stake in Choice Hotels International by 7.6% in the second quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock valued at $180,173,000 after buying an additional 197,890 shares in the last quarter. Victory Capital Management Inc. raised its stake in Choice Hotels International by 20.6% in the second quarter. Victory Capital Management Inc. now owns 986,189 shares of the company’s stock valued at $63,363,000 after buying an additional 168,675 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Choice Hotels International by 31.6% in the second quarter. Renaissance Technologies LLC now owns 686,800 shares of the company’s stock valued at $44,127,000 after buying an additional 165,000 shares in the last quarter. Institutional investors own 50.83% of the company’s stock.
A number of research analysts recently issued reports on CHH shares. Barclays lifted their target price on Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a report on Tuesday, November 7th. SunTrust Banks reiterated a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a report on Friday, November 10th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, October 17th. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 target price for the company. in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four 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 $67.38.
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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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