Choice Hotels International, Inc. (CHH) Major Shareholder Sells $495,770.55 in Stock
Choice Hotels International, Inc. (NYSE:CHH) major shareholder Bruce Bainum sold 7,977 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $62.15, for a total transaction of $495,770.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Choice Hotels International, Inc. (CHH) traded up 0.99% during mid-day trading on Wednesday, reaching $61.00. 277,439 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $62.27 and a 200-day moving average price of $63.20. The stock has a market cap of $3.42 billion, a PE ratio of 22.53 and a beta of 1.11. Choice Hotels International, Inc. has a 12 month low of $43.70 and a 12 month high of $67.80.
Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The firm had revenue of $276.80 million for the quarter, compared to analyst estimates of $254.68 million. During the same period last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Choice Hotels International, Inc. will post $2.85 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Choice Hotels International by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $104,000 after buying an additional 157 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Choice Hotels International by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after buying an additional 106 shares during the period. Quantbot Technologies LP bought a new position in Choice Hotels International in the 2nd quarter valued at about $108,000. KBC Group NV bought a new position in Choice Hotels International in the 1st quarter valued at about $120,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Choice Hotels International in the 1st quarter valued at about $130,000. 50.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on CHH shares. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub cut shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG lowered their target price on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, Barclays PLC reissued an “underweight” rating and issued a $60.00 target price (down previously from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.57.
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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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