Choice Hotels International Inc (NYSE:CHH) Insider Robert J. Mcdowell Sells 11,585 Shares

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Choice Hotels International Inc (NYSE:CHH) insider Robert J. Mcdowell sold 11,585 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $88.37, for a total value of $1,023,766.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NYSE:CHH opened at $87.83 on Thursday. The stock’s 50 day moving average price is $87.91 and its two-hundred day moving average price is $83.40. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.13 and a beta of 1.02. Choice Hotels International Inc has a 12-month low of $66.71 and a 12-month high of $91.18.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $317.68 million for the quarter, compared to analyst estimates of $304.70 million. Choice Hotels International had a negative return on equity of 141.56% and a net margin of 20.13%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, equities research analysts forecast that Choice Hotels International Inc will post 4.24 earnings per share for the current fiscal year.

CHH has been the topic of several analyst reports. Barclays upped their target price on Choice Hotels International from $81.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. Wells Fargo & Co upped their price objective on Choice Hotels International from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th. Zacks Investment Research lowered Choice Hotels International from a “hold” rating to a “sell” rating and set a $91.00 price objective on the stock. in a research note on Monday, July 22nd. Bank of America lowered Choice Hotels International from a “buy” rating to a “neutral” rating and set a $86.07 price objective on the stock. in a research note on Wednesday, June 12th. They noted that the move was a valuation call. Finally, Deutsche Bank restated a “hold” rating and issued a $83.00 price objective on shares of Choice Hotels International in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $84.51.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its stake in shares of Choice Hotels International by 4.8% during the second quarter. Cubist Systematic Strategies LLC now owns 2,769 shares of the company’s stock worth $241,000 after purchasing an additional 127 shares during the period. ETF Managers Group LLC increased its stake in shares of Choice Hotels International by 10.3% during the first quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock worth $140,000 after purchasing an additional 167 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Choice Hotels International by 2.9% during the second quarter. Eqis Capital Management Inc. now owns 6,024 shares of the company’s stock worth $524,000 after purchasing an additional 168 shares during the period. Advisor Group Inc. increased its stake in shares of Choice Hotels International by 110.8% during the second quarter. Advisor Group Inc. now owns 331 shares of the company’s stock worth $29,000 after purchasing an additional 174 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Choice Hotels International by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 12,597 shares of the company’s stock worth $1,096,000 after purchasing an additional 231 shares during the period. Institutional investors own 60.01% of the company’s stock.

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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