Patrick Pacious Sells 26,816 Shares of Choice Hotels International, Inc. (NYSE:CHH) Stock

Choice Hotels International, Inc. (NYSE:CHH) CEO Patrick Pacious sold 26,816 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 10th, Patrick Pacious sold 10,025 shares of Choice Hotels International stock. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25.

Choice Hotels International Price Performance

NYSE CHH traded up $0.81 on Friday, reaching $144.79. The company had a trading volume of 130,231 shares, compared to its average volume of 480,323. The company has a quick ratio of 0.99, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The stock has a market capitalization of $6.84 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The firm’s 50 day moving average price is $132.10 and its 200 day moving average price is $124.43. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $149.75.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the firm posted $1.82 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that Choice Hotels International, Inc. will post 6.78 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Analysts Set New Price Targets

CHH has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Robert W. Baird increased their price target on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays increased their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday. Truist Financial decreased their price target 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. Finally, UBS Group decreased their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given 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 an average price target of $128.70.

Institutional Trading of Choice Hotels International

A number of large investors have recently made changes to their positions in the business. Empowered Funds LLC bought a new position in Choice Hotels International during the 3rd quarter valued at about $358,000. Huntington National Bank grew its holdings in Choice Hotels International by 4.7% during the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock valued at $295,000 after purchasing an additional 101 shares during the last quarter. Versor Investments LP bought a new position in Choice Hotels International during the 3rd quarter valued at about $860,000. Venturi Wealth Management LLC grew its holdings in Choice Hotels International by 42.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,481 shares of the company’s stock valued at $323,000 after purchasing an additional 734 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Choice Hotels International by 20.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,288 shares of the company’s stock valued at $298,000 after purchasing an additional 385 shares during the last quarter. 65.57% of the stock is currently owned by 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.