Patrick Pacious Sells 15,126 Shares of Choice Hotels International Inc. (CHH) Stock
Choice Hotels International Inc. (NYSE:CHH) COO Patrick Pacious sold 15,126 shares of Choice Hotels International stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $49.05, for a total value of $741,930.30. Following the completion of the transaction, the chief operating officer now owns 131,910 shares in the company, valued at $6,470,185.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Patrick Pacious also recently made the following trade(s):
- On Monday, November 7th, Patrick Pacious sold 13,997 shares of Choice Hotels International stock. The stock was sold at an average price of $49.10, for a total value of $687,252.70.
- On Friday, August 12th, Patrick Pacious sold 4,745 shares of Choice Hotels International stock. The stock was sold at an average price of $48.73, for a total value of $231,223.85.
Choice Hotels International Inc. (NYSE:CHH) opened at 49.50 on Friday. Choice Hotels International Inc. has a 52 week low of $40.78 and a 52 week high of $54.32. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.54 and a beta of 0.97. The company’s 50-day moving average price is $46.01 and its 200 day moving average price is $47.31.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. Choice Hotels International had a net margin of 14.58% and a negative return on equity of 36.59%. The company earned $267.60 million during the quarter, compared to the consensus estimate of $252.77 million. During the same period in the prior year, the business posted $0.72 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts predict that Choice Hotels International Inc. will post $2.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Monday, October 3rd were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.66%. Choice Hotels International’s dividend payout ratio is 34.45%.
Several institutional investors have recently bought and sold shares of CHH. Fuller & Thaler Asset Management Inc. acquired a new position in Choice Hotels International during the second quarter worth approximately $119,000. Victory Capital Management Inc. increased its position in Choice Hotels International by 39.1% in the third quarter. Victory Capital Management Inc. now owns 2,600 shares of the company’s stock worth $117,000 after buying an additional 731 shares in the last quarter. Legal & General Group Plc increased its position in Choice Hotels International by 26.1% in the second quarter. Legal & General Group Plc now owns 3,016 shares of the company’s stock worth $143,000 after buying an additional 625 shares in the last quarter. Glenmede Trust Co. NA increased its position in Choice Hotels International by 1.2% in the second quarter. Glenmede Trust Co. NA now owns 3,440 shares of the company’s stock worth $162,000 after buying an additional 40 shares in the last quarter. Finally, Huntington National Bank increased its position in Choice Hotels International by 35.8% in the third quarter. Huntington National Bank now owns 4,001 shares of the company’s stock worth $180,000 after buying an additional 1,055 shares in the last quarter. Institutional investors own 49.90% of the company’s stock.
A number of equities analysts have recently commented on the company. Morgan Stanley reiterated a “sell” rating and issued a $48.00 price objective on shares of Choice Hotels International in a research note on Wednesday, August 3rd. Bank of America Corp. reiterated a “buy” rating on shares of Choice Hotels International in a research note on Monday, July 18th. Finally, Zacks Investment Research upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.13.
Choice Hotels International Company Profile
Choice Hotels International, Inc (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.
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