Choice Hotels International Inc. (NYSE:CHH) insider Patrick Cimerola sold 1,013 shares of the stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $57.01, for a total transaction of $57,751.13. Following the completion of the sale, the insider now directly owns 41,464 shares of the company’s stock, valued at approximately $2,363,862.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Patrick Cimerola also recently made the following trade(s):
Choice Hotels International Inc. (NYSE:CHH) opened at 56.40 on Tuesday. The company’s 50 day moving average is $52.61 and its 200-day moving average is $48.49. Choice Hotels International Inc. has a 52-week low of $40.78 and a 52-week high of $57.38. The stock has a market cap of $3.14 billion, a PE ratio of 23.38 and a beta of 0.98.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, October 27th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.79 by $0.05. Choice Hotels International had a net margin of 14.58% and a negative return on equity of 36.59%. The company earned $267.60 million during the quarter, compared to analysts’ expectations of $252.77 million. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts anticipate that Choice Hotels International Inc. will post $2.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Wednesday, January 4th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.52%. This is a boost from Choice Hotels International’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 30th. Choice Hotels International’s dividend payout ratio (DPR) is presently 34.45%.
Several analysts have recently weighed in on the stock. Wells Fargo & Co. raised shares of Choice Hotels International from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 13th. Zacks Investment Research cut shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday, December 8th. MKM Partners raised shares of Choice Hotels International from a “sell” rating to a “neutral” rating and increased their price target for the company from $42.00 to $53.00 in a research note on Monday, December 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $47.00 price target (down previously from $48.00) on shares of Choice Hotels International in a research note on Tuesday, November 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.38.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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 last quarter. Morgan Stanley boosted its position in shares of Choice Hotels International by 361.6% in the third quarter. Morgan Stanley now owns 406,107 shares of the company’s stock valued at $18,308,000 after buying an additional 318,127 shares during the last quarter. 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 last quarter. BTIM Corp. boosted its position in shares of Choice Hotels International by 61.8% in the second quarter. BTIM Corp. now owns 681,326 shares of the company’s stock valued at $32,445,000 after buying an additional 260,282 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Choice Hotels International by 124.6% in the second quarter. Citadel Advisors LLC now owns 457,760 shares of the company’s stock worth $21,799,000 after buying an additional 253,948 shares during the period. Institutional investors own 48.69% 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.