Choice Hotels International Inc. (CHH) CEO Stephen P. Joyce Sells 32,000 Shares

Choice Hotels International Inc. (NYSE:CHH) CEO Stephen P. Joyce sold 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $53.23, for a total value of $1,703,360.00. Following the completion of the transaction, the chief executive officer now directly owns 158,753 shares in the company, valued at $8,450,422.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Choice Hotels International Inc. (NYSE:CHH) opened at 54.25 on Thursday. The stock’s 50 day moving average price is $49.17 and its 200 day moving average price is $47.64. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 22.49 and a beta of 0.98. Choice Hotels International Inc. has a one year low of $40.78 and a one year high of $54.60.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.79 by $0.05. Choice Hotels International had a negative return on equity of 36.59% and a net margin of 14.58%. The firm earned $267.60 million during the quarter, compared to analysts’ expectations of $252.77 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Choice Hotels International Inc. will post $2.44 earnings per share for the current fiscal year.

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

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of 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. Echo Street Capital Management LLC boosted its position 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 valued at $59,740,000 after buying an additional 452,141 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position 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 valued at $51,129,000 after buying an additional 282,948 shares during the period. Dimensional Fund Advisors LP boosted its position 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 valued at $40,874,000 after buying an additional 95,036 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of Choice Hotels International by 6.5% in the second quarter. Atlanta Capital Management Co. L L C now owns 762,789 shares of the company’s stock valued at $36,324,000 after buying an additional 46,847 shares during the period. 48.69% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday. MKM Partners raised Choice Hotels International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $53.00 in a research note on Monday. Finally, Morgan Stanley raised Choice Hotels International from an “underweight” rating to an “equal weight” rating and set a $47.00 price objective on the stock in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.38.

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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