Choice Hotels International, Inc. (NYSE:CHH) major shareholder Bruce Bainum sold 20,770 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $62.00, for a total value of $1,287,740.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bruce Bainum also recently made the following trade(s):

  • On Friday, September 1st, Bruce Bainum sold 7,977 shares of Choice Hotels International stock. The stock was sold at an average price of $62.15, for a total value of $495,770.55.

Shares of Choice Hotels International, Inc. (CHH) traded down 0.89% on Friday, hitting $61.45. The stock had a trading volume of 148,402 shares. Choice Hotels International, Inc. has a 52 week low of $43.70 and a 52 week high of $67.80. The firm has a 50 day moving average price of $61.55 and a 200-day moving average price of $63.18. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 22.70 and a beta of 1.11.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The firm had revenue of $276.80 million during the quarter, compared to the consensus estimate of $254.68 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts anticipate that Choice Hotels International, Inc. will post $2.85 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Choice Hotels International, Inc. (CHH) Major Shareholder Bruce Bainum Sells 20,770 Shares of Stock” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/09/16/choice-hotels-international-inc-chh-major-shareholder-bruce-bainum-sells-20770-shares-of-stock.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. bought a new position in Choice Hotels International in the 1st quarter valued at $446,000. Vanguard Group Inc. raised its position in Choice Hotels International by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock valued at $163,158,000 after purchasing an additional 108,427 shares during the last quarter. Alliancebernstein L.P. raised its position in Choice Hotels International by 24.0% in the 1st quarter. Alliancebernstein L.P. now owns 19,663 shares of the company’s stock valued at $1,231,000 after purchasing an additional 3,800 shares during the last quarter. Rhumbline Advisers raised its position in Choice Hotels International by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 62,199 shares of the company’s stock valued at $3,996,000 after purchasing an additional 5,876 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its position in Choice Hotels International by 35.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 101,987 shares of the company’s stock valued at $6,527,000 after purchasing an additional 26,436 shares during the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Several brokerages have weighed in on CHH. BidaskClub raised Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC reaffirmed an “underweight” rating and issued a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Finally, Deutsche Bank AG dropped their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $62.57.

About Choice Hotels International

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.

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

Receive News & Stock Ratings for Choice Hotels International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International Inc. and related stocks with our FREE daily email newsletter.