Choice Hotels International Inc (NYSE:CHH) insider Patrick Cimerola sold 6,410 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $77.72, for a total transaction of $498,185.20. Following the sale, 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 SEC, which is accessible through this link.
NYSE CHH traded down $0.53 on Thursday, reaching $77.83. The company had a trading volume of 228,587 shares, compared to its average volume of 331,224. The stock has a market cap of $4.34 billion, a PE ratio of 20.01, a P/E/G ratio of 2.29 and a beta of 1.10. Choice Hotels International Inc has a 1 year low of $66.71 and a 1 year high of $85.35.
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, topping the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $261.58 million. Choice Hotels International had a negative return on equity of 108.64% and a net margin of 20.78%. Choice Hotels International’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts anticipate that Choice Hotels International Inc will post 4.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.11%.
Several institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC bought a new position in Choice Hotels International during the fourth quarter worth $29,000. Captrust Financial Advisors lifted its stake in Choice Hotels International by 85.7% during the fourth quarter. Captrust Financial Advisors now owns 531 shares of the company’s stock worth $38,000 after purchasing an additional 245 shares during the last quarter. ETF Managers Group LLC lifted its stake in Choice Hotels International by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 1,628 shares of the company’s stock worth $117,000 after purchasing an additional 222 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Choice Hotels International during the fourth quarter worth $161,000. Finally, Paloma Partners Management Co bought a new position in Choice Hotels International during the fourth quarter worth $204,000. Institutional investors own 58.02% of the company’s stock.
A number of analysts recently issued reports on the stock. Deutsche Bank reissued a “hold” rating and set a $76.00 target price on shares of Choice Hotels International in a research report on Sunday, February 17th. SunTrust Banks increased their target price on shares of Choice Hotels International from $80.00 to $87.00 and gave the stock a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Finally, Wells Fargo & Co dropped their target price on shares of Choice Hotels International from $86.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $81.38.
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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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