Choice Hotels International Inc (NYSE:CHH) insider Patrick Cimerola sold 6,410 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $77.72, for a total value of $498,185.20. Following the completion of the transaction, the insider now directly owns 17,216 shares of the company’s stock, valued at approximately $1,338,027.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE:CHH traded up $0.01 during midday trading on Friday, reaching $77.84. The company had a trading volume of 305,809 shares, compared to its average volume of 330,781. Choice Hotels International Inc has a 1-year low of $66.71 and a 1-year high of $85.03. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Friday, February 15th. The company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. Choice Hotels International had a negative return on equity of 108.64% and a net margin of 20.78%. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $261.58 million. During the same quarter last year, the company posted $0.63 EPS. Choice Hotels International’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts anticipate that Choice Hotels International Inc will post 4.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd will be given a $0.215 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.10%. Choice Hotels International’s dividend payout ratio (DPR) is 22.11%.
Several research analysts recently weighed in on the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of Choice Hotels International in a research note on Tuesday, December 11th. Deutsche Bank reaffirmed a “hold” rating and set a $76.00 target price on shares of Choice Hotels International in a research note on Sunday, February 17th. Morgan Stanley set a $74.00 target price on Choice Hotels International and gave the company a “hold” rating in a research note on Thursday, December 20th. Zacks Investment Research cut Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, SunTrust Banks decreased their target price on Choice Hotels International to $80.00 and set a “hold” rating for the company in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.38.
Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Choice Hotels International by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 313,296 shares of the company’s stock worth $22,425,000 after acquiring an additional 12,542 shares in the last quarter. Norges Bank purchased a new stake in Choice Hotels International in the 4th quarter worth about $32,883,000. Amalgamated Bank lifted its stake in Choice Hotels International by 62.3% in the 4th quarter. Amalgamated Bank now owns 7,720 shares of the company’s stock worth $553,000 after acquiring an additional 2,962 shares in the last quarter. HRT Financial LLC purchased a new stake in Choice Hotels International in the 4th quarter worth about $266,000. Finally, Millennium Management LLC lifted its stake in Choice Hotels International by 76.1% in the 4th quarter. Millennium Management LLC now owns 95,631 shares of the company’s stock worth $6,845,000 after acquiring an additional 41,328 shares in the last quarter. Institutional investors and hedge funds own 58.02% of the company’s stock.
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About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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