Bruce Bainum Sells 20,770 Shares of Choice Hotels International, Inc. (CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH) major shareholder Bruce Bainum sold 20,770 shares of Choice Hotels International stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total transaction of $1,287,740.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Bruce Bainum also recently made the following trade(s):

  • On Friday, September 1st, Bruce Bainum sold 7,977 shares of Choice Hotels International stock. The stock was sold at an average price of $62.15, for a total transaction of $495,770.55.

Choice Hotels International, Inc. (NYSE CHH) opened at 61.45 on Friday. Choice Hotels International, Inc. has a 52-week low of $43.70 and a 52-week high of $67.80. The firm has a market capitalization of $3.45 billion, a P/E ratio of 22.70 and a beta of 1.11. The company’s 50-day moving average is $61.55 and its 200-day moving average is $63.18.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. On average, analysts predict that Choice Hotels International, Inc. will post $2.85 EPS for the current year.

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Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Choice Hotels International by 10.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after purchasing an additional 157 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Choice Hotels International by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares during the last quarter. Quantbot Technologies LP purchased a new position in Choice Hotels International during the 2nd quarter worth $108,000. KBC Group NV purchased a new position in Choice Hotels International during the 1st quarter worth $120,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Choice Hotels International during the 1st quarter worth $130,000. 50.27% of the stock is currently owned by institutional investors.

CHH has been the subject of several research reports. Barclays PLC reiterated an “underweight” rating and set a $60.00 price objective (down from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. Deutsche Bank AG lowered their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $62.57.

Choice Hotels International Company Profile

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.

Insider Buying and Selling by Quarter for Choice Hotels International (NYSE:CHH)

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