Insider Selling: Choice Hotels International, Inc. (NYSE:CHH) EVP Sells 3,500 Shares of Stock

Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Choice Hotels International Stock Up 0.4 %

Shares of NYSE CHH traded up $0.64 on Monday, hitting $143.93. The company had a trading volume of 412,255 shares, compared to its average volume of 432,434. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $157.86. The firm has a market capitalization of $6.73 billion, a P/E ratio of 23.10, a PEG ratio of 1.90 and a beta of 1.23. The business has a 50 day moving average of $145.45 and a two-hundred day moving average of $139.49.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Remove Ads

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International's payout ratio is 18.46%.

Institutional Investors Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in Choice Hotels International in the 4th quarter valued at about $1,109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Choice Hotels International by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company's stock worth $14,145,000 after acquiring an additional 9,474 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Choice Hotels International by 36.0% in the fourth quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company's stock valued at $8,624,000 after purchasing an additional 16,067 shares during the last quarter. Sophron Capital Management L.P. acquired a new stake in Choice Hotels International during the 4th quarter valued at approximately $7,736,000. Finally, Redwood Investment Management LLC purchased a new stake in Choice Hotels International during the 4th quarter worth approximately $5,123,000. Hedge funds and other institutional investors own 65.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised their price target on Choice Hotels International from $150.00 to $152.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Bank of America upped their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price target on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Barclays upped their price objective on Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. Finally, StockNews.com raised Choice Hotels International from a "hold" rating to a "buy" rating in a research report on Thursday. Five analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Choice Hotels International currently has a consensus rating of "Hold" and an average target price of $139.92.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.