Stephen P. Joyce Sells 21,401 Shares of Choice Hotels International Inc. (CHH) Stock
Choice Hotels International Inc. (NYSE:CHH) CEO Stephen P. Joyce sold 21,401 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $50.18, for a total value of $1,073,902.18. Following the completion of the transaction, the chief executive officer now owns 180,150 shares of the company’s stock, valued at $9,039,927. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Choice Hotels International Inc. (NYSE:CHH) opened at 50.43 on Thursday. Choice Hotels International Inc. has a 52 week low of $40.78 and a 52 week high of $54.32. The stock’s 50 day moving average is $46.46 and its 200 day moving average is $47.24. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.91 and a beta of 0.97.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. The business earned $267.60 million during the quarter, compared to analysts’ expectations of $252.77 million. Choice Hotels International had a net margin of 14.58% and a negative return on equity of 36.59%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Analysts anticipate that Choice Hotels International Inc. will post $2.43 EPS for the current fiscal year.
CHH has been the subject of several analyst reports. Zacks Investment Research downgraded Choice Hotels International from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $47.00 price target (down from $48.00) on shares of Choice Hotels International in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $48.13.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Choice Hotels International by 6.0% in the second quarter. Vanguard Group Inc. now owns 2,339,733 shares of the company’s stock valued at $111,418,000 after buying an additional 133,298 shares during the period. Wellington Management Group LLP boosted its stake in shares of Choice Hotels International by 11.4% in the first quarter. Wellington Management Group LLP now owns 1,767,296 shares of the company’s stock worth $95,522,000 after buying an additional 180,342 shares during the last quarter. Echo Street Capital Management LLC boosted its stake in shares of 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 worth $59,740,000 after buying an additional 452,141 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 worth $51,129,000 after buying an additional 282,948 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Choice Hotels International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 858,378 shares of the company’s stock worth $40,874,000 after buying an additional 95,036 shares during the last quarter. Institutional investors and hedge funds own 50.50% of the company’s stock.
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.
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