Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 5,510,000 shares, a decrease of 5.7% from the September 30th total of 5,840,000 shares. Currently, 21.3% of the company’s stock are short sold. Based on an average trading volume of 340,300 shares, the days-to-cover ratio is currently 16.2 days.
Choice Hotels International Trading Down 0.1 %
Shares of NYSE CHH traded down $0.19 on Thursday, reaching $140.11. 263,147 shares of the company traded hands, compared to its average volume of 479,598. The company has a 50 day moving average of $130.36 and a 200 day moving average of $123.50. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International has a fifty-two week low of $108.91 and a fifty-two week high of $143.69. The stock has a market capitalization of $6.62 billion, a PE ratio of 29.17, a P/E/G ratio of 2.20 and a beta of 1.25.
Choice Hotels International (NYSE:CHH – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The company had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 EPS. On average, equities research analysts forecast that Choice Hotels International will post 6.38 earnings per share for the current fiscal year.
Choice Hotels International Announces Dividend
Analyst Ratings Changes
A number of research firms have recently weighed in on CHH. Truist Financial reduced their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird set a $138.00 price objective on Choice Hotels International in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a report on Friday, July 19th. 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, The Goldman Sachs Group initiated coverage on Choice Hotels International in a research report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.50.
Insiders Place Their Bets
In other news, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now directly owns 18,084 shares of the company’s stock, valued at $2,441,340. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,429 shares of company stock worth $4,866,493. 24.02% of the stock is currently owned by company insiders.
Institutional Trading of Choice Hotels International
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the last quarter. Vanguard Group Inc. increased its stake in Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after purchasing an additional 195,956 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after buying an additional 145,893 shares during the last quarter. Raymond James & Associates raised its stake in Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after acquiring an additional 113,951 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after acquiring an additional 90,765 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.
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.
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