Choice Hotels International, Inc. (NYSE:CHH) Insider Patrick Cimerola Sells 1,714 Shares

Choice Hotels International, Inc. (NYSE:CHH) insider Patrick Cimerola sold 1,714 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company’s stock, valued at $2,441,340. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Choice Hotels International Stock Performance

Shares of CHH opened at $133.59 on Wednesday. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $135.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.20 and a beta of 1.25. The business’s 50 day moving average is $126.96 and its two-hundred day moving average is $122.36.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same period in the prior year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Choice Hotels International, Inc. will post 6.38 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 24.68%.

Hedge Funds Weigh In On Choice Hotels International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the period. Blue Trust Inc. increased its stake in shares of Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Covestor Ltd increased its stake in shares of Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Tortoise Investment Management LLC increased its position in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after acquiring an additional 367 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Robert W. Baird dropped their price objective on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. The Goldman Sachs Group began coverage on shares of Choice Hotels International in a research note on Wednesday, September 18th. They set a “sell” rating and a $105.00 price objective for the company. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays reduced their target price on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $125.64.

Choice Hotels International Company Profile

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.