Choice Hotels International (NYSE:CHH) Sets New 12-Month High at $90.08

Shares of Choice Hotels International Inc (NYSE:CHH) reached a new 52-week high on Monday . The stock traded as high as $90.08 and last traded at $89.40, with a volume of 203672 shares traded. The stock had previously closed at $89.73.

Several research firms have recently weighed in on CHH. Deutsche Bank reissued a “hold” rating and issued a $83.00 price objective on shares of Choice Hotels International in a research report on Thursday. Zacks Investment Research lowered Choice Hotels International from a “hold” rating to a “sell” rating and set a $91.00 price objective for the company. in a research report on Monday, July 22nd. Wells Fargo & Co reissued a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, July 23rd. Bank of America lowered Choice Hotels International from a “buy” rating to a “neutral” rating and set a $86.07 price objective for the company. in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Finally, Barclays lifted their price objective on Choice Hotels International from $78.00 to $81.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.31.

The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.12 and a beta of 1.02. The business’s 50-day moving average price is $87.54.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Tuesday, August 6th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Choice Hotels International had a negative return on equity of 141.56% and a net margin of 20.13%. The business had revenue of $317.68 million during the quarter, compared to analyst estimates of $304.70 million. During the same period in the previous year, the company posted $1.11 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that Choice Hotels International Inc will post 4.24 EPS for the current year.

In other Choice Hotels International news, insider John Bonds sold 5,102 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $82.01, for a total transaction of $418,415.02. Following the completion of the sale, the insider now directly owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William L. Jews sold 8,750 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $84.11, for a total value of $735,962.50. Following the sale, the director now directly owns 25,952 shares of the company’s stock, valued at $2,182,822.72. The disclosure for this sale can be found here. Insiders sold a total of 38,625 shares of company stock valued at $3,227,134 over the last ninety days. 24.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new position in shares of Choice Hotels International in the 2nd quarter worth approximately $26,000. Advisor Group Inc. lifted its stake in Choice Hotels International by 110.8% in the second quarter. Advisor Group Inc. now owns 331 shares of the company’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in Choice Hotels International in the first quarter valued at approximately $76,000. Bremer Bank National Association purchased a new position in Choice Hotels International in the first quarter valued at approximately $107,000. Finally, ETF Managers Group LLC lifted its stake in Choice Hotels International by 10.3% in the first quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock valued at $140,000 after purchasing an additional 167 shares during the last quarter. 60.12% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Company Profile (NYSE:CHH)

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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