Choice Hotels International, Inc. (NYSE:CHH) insider David A. Pepper sold 1,071 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $61.09, for a total transaction of $65,427.39. Following the completion of the sale, the insider now directly owns 69,864 shares in the company, valued at approximately $4,267,991.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Choice Hotels International, Inc. (NYSE CHH) traded down 0.41% during mid-day trading on Friday, reaching $60.60. 76,078 shares of the company’s stock traded hands. The company has a 50 day moving average price of $62.71 and a 200-day moving average price of $62.97. Choice Hotels International, Inc. has a 12 month low of $43.70 and a 12 month high of $67.80. The stock has a market cap of $3.40 billion, a P/E ratio of 22.39 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating 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 company had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $254.68 million. During the same period last year, the firm posted $0.71 earnings per share. Choice Hotels International’s revenue was up 14.5% compared to the same quarter last year. On average, analysts anticipate that Choice Hotels International, Inc. will post $2.85 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 boosted its stake 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 acquired a new stake in Choice Hotels International during the second quarter valued at approximately $108,000. KBC Group NV acquired a new stake in Choice Hotels International during the first quarter valued at approximately $120,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Choice Hotels International during the first quarter valued at approximately $130,000. 50.23% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on CHH. Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. Telsey Advisory Group boosted their price objective on shares of 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. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, July 5th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $60.00 price target (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One 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. Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $62.57.
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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