Choice Hotels International Inc. (NYSE:CHH) CEO Stephen P. Joyce sold 7,999 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $50.10, for a total transaction of $400,749.90. Following the completion of the transaction, the chief executive officer now owns 166,748 shares in the company, valued at $8,354,074.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Choice Hotels International Inc. (NYSE:CHH) opened at 50.20 on Tuesday. The stock has a 50 day moving average of $46.09 and a 200-day moving average of $47.29. The company has a market cap of $2.80 billion, a P/E ratio of 20.81 and a beta of 0.97. Choice Hotels International Inc. has a 12 month low of $40.78 and a 12 month high of $54.32.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $267.60 million for the quarter, compared to the consensus estimate of $252.77 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Equities research analysts expect that Choice Hotels International Inc. will post $2.43 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.82 annualized dividend and a yield of 1.63%. Choice Hotels International’s payout ratio is 34.45%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Echo Street Capital Management LLC increased its position in Choice Hotels International by 51.8% in the third quarter. Echo Street Capital Management LLC now owns 1,325,207 shares of the company’s stock valued at $59,740,000 after buying an additional 452,141 shares during the last quarter. Morgan Stanley increased its position in Choice Hotels International by 361.6% in the third quarter. Morgan Stanley now owns 406,107 shares of the company’s stock valued at $18,308,000 after buying an additional 318,127 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Choice Hotels International by 33.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,134,178 shares of the company’s stock valued at $51,129,000 after buying an additional 282,948 shares during the last quarter. BTIM Corp. increased its position in Choice Hotels International by 61.8% in the second quarter. BTIM Corp. now owns 681,326 shares of the company’s stock valued at $32,445,000 after buying an additional 260,282 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in Choice Hotels International by 124.6% in the second quarter. Citadel Advisors LLC now owns 457,760 shares of the company’s stock valued at $21,799,000 after buying an additional 253,948 shares during the last quarter. Hedge funds and other institutional investors own 50.50% of the company’s stock.

CHH has been the subject of several research reports. Zacks Investment Research raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Morgan Stanley raised shares of Choice Hotels International from an “underweight” rating to an “equal weight” rating and set a $47.00 target price for the company in a research report on Monday, September 26th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Choice Hotels International in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.13.

About Choice Hotels International

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.

5 Day Chart for NYSE:CHH

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