Choice Hotels International, Inc. (NYSE:CHH) SVP Simone Wu sold 2,203 shares of the firm’s stock in a transaction that occurred on Thursday, September 23rd. The stock was sold at an average price of $125.39, for a total transaction of $276,234.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CHH opened at $127.39 on Friday. Choice Hotels International, Inc. has a 1 year low of $82.59 and a 1 year high of $128.21. The firm has a market capitalization of $7.09 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.49. The company has a debt-to-equity ratio of 10.10, a current ratio of 1.92 and a quick ratio of 1.92. The business’s 50-day moving average is $119.00 and its two-hundred day moving average is $116.50.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.31. Choice Hotels International had a return on equity of 683.02% and a net margin of 15.09%. The company had revenue of $278.34 million for the quarter, compared to analyst estimates of $298.86 million. As a group, sell-side analysts expect that Choice Hotels International, Inc. will post 3.81 EPS for the current year.
A number of research firms have recently commented on CHH. TheStreet upgraded Choice Hotels International from a “c” rating to a “b” rating in a research report on Thursday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Choice Hotels International from $105.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Tuesday, July 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Choice Hotels International presently has an average rating of “Hold” and an average target price of $104.00.
A number of institutional investors have recently bought and sold shares of CHH. Envestnet Asset Management Inc. lifted its holdings in shares of Choice Hotels International by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 15,926 shares of the company’s stock worth $1,709,000 after purchasing an additional 1,865 shares during the period. Alliancebernstein L.P. increased its stake in shares of Choice Hotels International by 1.2% in the first quarter. Alliancebernstein L.P. now owns 49,364 shares of the company’s stock worth $5,296,000 after acquiring an additional 570 shares during the period. Keybank National Association OH raised its holdings in shares of Choice Hotels International by 12.6% during the first quarter. Keybank National Association OH now owns 12,725 shares of the company’s stock worth $1,365,000 after purchasing an additional 1,425 shares during the last quarter. The PNC Financial Services Group Inc. lifted its position in Choice Hotels International by 10.1% during the first quarter. The PNC Financial Services Group Inc. now owns 1,519 shares of the company’s stock valued at $164,000 after purchasing an additional 139 shares during the period. Finally, Swiss National Bank grew its position in Choice Hotels International by 1.2% during the 1st quarter. Swiss National Bank now owns 82,367 shares of the company’s stock worth $8,837,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 58.40% of the company’s stock.
About Choice Hotels International
Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office building owned by the company.
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