Choice Hotels International Inc (NYSE:CHH) CEO Patrick Pacious Sells 9,613 Shares

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Choice Hotels International Inc (NYSE:CHH) CEO Patrick Pacious sold 9,613 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $82.02, for a total transaction of $788,458.26. Following the transaction, the chief executive officer now owns 132,599 shares of the company’s stock, valued at approximately $10,875,769.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Patrick Pacious also recently made the following trade(s):

  • On Friday, September 21st, Patrick Pacious sold 35,350 shares of Choice Hotels International stock. The stock was sold at an average price of $82.33, for a total transaction of $2,910,365.50.

CHH traded up $0.46 on Friday, reaching $75.16. The company had a trading volume of 320,590 shares, compared to its average volume of 263,208. The company has a market capitalization of $4.72 billion, a P/E ratio of 26.10, a P/E/G ratio of 2.61 and a beta of 1.01. The company has a debt-to-equity ratio of -3.90, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International Inc has a 52-week low of $66.40 and a 52-week high of $85.35.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Wednesday, August 8th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.07. The business had revenue of $295.40 million for the quarter, compared to the consensus estimate of $307.89 million. Choice Hotels International had a net margin of 14.08% and a negative return on equity of 87.57%. Choice Hotels International’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that Choice Hotels International Inc will post 3.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Tuesday, October 2nd will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 29.86%.

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new position in shares of Choice Hotels International in the first quarter worth approximately $360,000. Swiss National Bank grew its holdings in shares of Choice Hotels International by 2.2% in the first quarter. Swiss National Bank now owns 63,967 shares of the company’s stock worth $5,127,000 after purchasing an additional 1,400 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Choice Hotels International by 9.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 185,468 shares of the company’s stock worth $14,866,000 after purchasing an additional 15,706 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Choice Hotels International by 8.9% in the first quarter. Aperio Group LLC now owns 9,112 shares of the company’s stock worth $730,000 after purchasing an additional 741 shares during the last quarter. Finally, Sapphire Star Partners LP bought a new position in shares of Choice Hotels International in the first quarter worth approximately $1,027,000. 54.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b-” rating in a research report on Friday, September 28th. Zacks Investment Research lowered shares of Choice Hotels International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Longbow Research assumed coverage on shares of Choice Hotels International in a research report on Friday, September 7th. They set a “buy” rating and a $95.00 target price for the company. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $83.22.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Further Reading: How are the companies in the S&P 500 selected?

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

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