Insider Selling: Choice Hotels International Inc (CHH) SVP Sells 24,773 Shares of Stock

Choice Hotels International Inc (NYSE:CHH) SVP Simone Wu sold 24,773 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $83.67, for a total value of $2,072,756.91. Following the completion of the sale, the senior vice president now directly owns 53,255 shares of the company’s stock, valued at $4,455,845.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CHH stock opened at $84.07 on Friday. The company has a market capitalization of $4.68 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. Choice Hotels International Inc has a 12-month low of $66.71 and a 12-month high of $87.25.

Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, May 9th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. The company had revenue of $218.30 million during the quarter, compared to analyst estimates of $221.84 million. Choice Hotels International had a negative return on equity of 124.30% and a net margin of 21.08%. Choice Hotels International’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, analysts anticipate that Choice Hotels International Inc will post 4.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Tuesday, July 2nd will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s dividend payout ratio is presently 22.11%.

Several analysts have recently commented on CHH shares. SunTrust Banks increased their price objective on Choice Hotels International from $80.00 to $87.00 and gave the stock a “hold” rating in a research note on Tuesday, February 19th. Deutsche Bank reissued a “hold” rating and issued a $76.00 price objective on shares of Choice Hotels International in a research note on Sunday, February 17th. Finally, Zacks Investment Research downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Choice Hotels International has an average rating of “Hold” and a consensus target price of $82.88.

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of Choice Hotels International by 192.4% in the first quarter. Jane Street Group LLC now owns 10,259 shares of the company’s stock valued at $798,000 after acquiring an additional 6,750 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Choice Hotels International in the first quarter valued at approximately $229,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Choice Hotels International by 12.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,349 shares of the company’s stock valued at $106,000 after acquiring an additional 149 shares in the last quarter. One Wealth Advisors LLC bought a new position in shares of Choice Hotels International in the first quarter valued at approximately $176,000. Finally, Man Group plc grew its holdings in shares of Choice Hotels International by 7.1% in the first quarter. Man Group plc now owns 231,855 shares of the company’s stock valued at $18,024,000 after acquiring an additional 15,288 shares in the last quarter. 59.24% of the stock is owned by institutional investors.

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About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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