Here is the rundown on market activity for Choice Hotels International, In (NYSE:CHH). Stephen P. Joyce, CEO disclosed the sale of 17,024 shares of (CHH). The shares were purchased at an average price of $63.03. The CEO now owns $10,079,695 of the stock according to the SEC filing. CEO Stephen P. Joyce let go of 44,116 shares at an average price of $62.88 on Mon the 10th. That brings the CEO’s holdings to $10,527,307 as recorded in a recent Form 4 SEC filing.
Simone Wu, Sr VP reported the sale of 13,223 shares. The shares were sold on March 1st for an average price of $61.35. Wu now owns $1,348,718 of the stock according to the SEC filing.
Choice Hotels International, Inc. (Choice), launched on December 12, 1980, is a hotel franchisor. The Business’s segments include Hotel Franchising, SkyTouch Technology (SkyTouch) and Corporate & Other. Choice franchises lodging properties under various brand names, including 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 (collectively, the Choice brands). The Company had 6,514 hotels open and 775 hotels under construction, awaiting conversion or approved for development as of December 31, 2016 representing 516,122 rooms open and 62,547 rooms under construction, awaiting conversion or approved for development in 50 states, the District of Columbia and over 40 countries and territories outside the United States. The Business’s domestic franchising operations are conducted through direct franchising relationships while its international franchise operations are conducted through a combination of direct franchising and master franchising relationships..
Here are a few additional firms who have increased or decreased their stake in (CHH). Proficio Capital Partners LLC expanded its ownership by buying 7 shares an increase of 77.8% from 03/31/2016 to 03/31/2017. Proficio Capital Partners LLC currently owns 16 shares worth $1,000. The value of the position overall is up by 0.0%. Morgan Stanley augmented its holdings by buying 654 shares an increase of 93.4% as of 03/31/2017. Morgan Stanley owns 1,354 shares with a value of $85,000. The total value of its holdings increased 117.9%.
As of the end of the quarter Tower Research Capital LLC (trc) had bought a total of 1,023 shares growing its position 71.3%. The value in dollars went from $80,000 to $154,000 increasing 92.5% quarter to quarter. As of quarter end Macquarie Group Ltd had acquired 301,656 shares growing its stake by 61.9%. The value of the investment in CHH increased from $27,308,000 to $49,383,000 a change of 80.8% since the last quarter.
On December 5, 2016 the stock rating was rated “Neutral” according to a MKM Partners report which is up from the previous “Sell” rating. On September 26 the stock rating was upgraded to “Equal-weight” from “” in a report issued by Morgan Stanley.
Equity analyst Wolfe Research initiated coverage setting a rating of “Peer Perform”. On February 19 the company was upgraded from “Underperform” to “Neutral” and a price target of $46.00 was set by JP Morgan.
Equity analyst JP Morgan raised the price target and upgraded the stock on February 19 changing the price target from $43.00 to $46.00 and changing the rating from “Underperform” to “Neutral”. On February 19 Deutsche Bank kept the stock rating at “Hold” and moved down the price target from $56.00 to $52.00.
The company is now up by 0.80% since yesterday’s close of $62.65. Choice Hotels International, In also recently announced a dividend for shareholders that will be paid on Tuesday July 18th, 2017. The dividend will be $0.215 per share for the quarter or $0.86 on an annualized basis. The dividend yield will be $1.36. The ex-dividend date has been established as Thursday the 29th of June 2017.
It is currently trading at $63.15 slightly below $64.95, the 50 day moving average and slightly over the 200 day moving average of $60.91. The 50 day moving average was down $-1.90 and the 200 day average went up by +3.51%.
The company currently has a P/E ratio of 24.20 and the market cap of the company is 3.53B. In the last earnings report the EPS was $2.61 and is projected to be $2.84 for the current year with 56,046,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.94 with next year’s EPS projected to be $3.16.