Choice Hotels International, Inc. (NYSE:CHH) major shareholder Bruce Bainum sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total value of $18,512,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, September 14th, Bruce Bainum sold 20,770 shares of Choice Hotels International stock. The stock was sold at an average price of $62.00, for a total value of $1,287,740.00.
  • 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. (NYSE CHH) opened at $75.90 on Friday. Choice Hotels International, Inc. has a fifty-two week low of $49.95 and a fifty-two week high of $76.41. The firm has a market capitalization of $4,250.00, a P/E ratio of 26.46, a PEG ratio of 3.06 and a beta of 1.13. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company had revenue of $295.09 million for the quarter, compared to analyst estimates of $288.50 million. During the same quarter last year, the firm earned $0.84 EPS. Choice Hotels International’s revenue for the quarter was up 10.3% compared to the same quarter last year. research analysts expect that Choice Hotels International, Inc. will post 2.89 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Utah Retirement Systems grew its holdings in shares of Choice Hotels International by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 6,112 shares of the company’s stock worth $393,000 after purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Choice Hotels International by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares in the last quarter. Huntington National Bank grew its holdings in shares of Choice Hotels International by 4.7% during the 2nd quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after purchasing an additional 121 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Choice Hotels International by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 12,168 shares of the company’s stock worth $782,000 after purchasing an additional 136 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Choice Hotels International by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock worth $1,327,000 after purchasing an additional 143 shares in the last quarter. 50.22% of the stock is currently owned by institutional investors.

Several research analysts have commented on CHH shares. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG dropped their price target 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. Barclays PLC reaffirmed an “underweight” rating and issued a $60.00 price target (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Zacks Investment Research downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $65.00.

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)

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