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 stock was sold at an average price of $83.50, for a total value of $1,237,470.00. Following the sale, the senior vice president now owns 14,272 shares in the company, valued at $1,191,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Choice Hotels International Inc (NYSE CHH) traded up $0.70 during trading on Monday, hitting $84.40. The company had a trading volume of 301,247 shares, compared to its average volume of 239,454. 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 firm has a market capitalization of $4,764.45, a price-to-earnings ratio of 41.23, a P/E/G ratio of 2.36 and a beta of 1.15. Choice Hotels International Inc has a one year low of $59.60 and a one year high of $84.55.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $237.57 million for the quarter, compared to analyst estimates of $227.65 million. Choice Hotels International had a negative return on equity of 68.40% and a net margin of 11.40%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. analysts predict that Choice Hotels International Inc will post 3.64 EPS for the current year.
Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of 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 worth $106,000 after acquiring an additional 106 shares during the period. Fenimore Asset Management Inc. lifted its stake in Choice Hotels International by 0.4% in the fourth quarter. Fenimore Asset Management Inc. now owns 183,750 shares of the company’s stock valued at $14,259,000 after buying an additional 675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 buying an additional 700 shares during the period. Aperio Group LLC lifted its stake in Choice Hotels International by 10.2% in the third quarter. Aperio Group LLC now owns 8,476 shares of the company’s stock valued at $542,000 after buying an additional 785 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Choice Hotels International by 11.7% in the third quarter. Pacer Advisors Inc. now owns 8,360 shares of the company’s stock valued at $534,000 after buying an additional 875 shares during the period. 51.51% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on CHH shares. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target on the stock. in a report on Wednesday, December 13th. TheStreet cut Choice Hotels International from a “b” rating to a “c+” rating in a report on Wednesday, February 21st. Barclays boosted their price target on Choice Hotels International from $67.00 to $75.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. Wells Fargo & Co restated a “market perform” rating and set a $88.00 price target (up from $86.00) on shares of Choice Hotels International in a report 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 equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $77.13.
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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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