Choice Hotels International, Inc. (NYSE:CHH) Short Interest Update

by · The Cerbat Gem

Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 5,510,000 shares, a drop of 5.7% from the September 30th total of 5,840,000 shares. Currently, 21.3% of the company’s shares are short sold. Based on an average daily trading volume, of 340,300 shares, the days-to-cover ratio is currently 16.2 days.

Insiders Place Their Bets

In related news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This 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 is available at the SEC website. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International 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 transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,429 shares of company stock worth $4,866,493 over the last ninety days. 24.02% of the stock is currently owned by company insiders.

Institutional Trading of Choice Hotels International

Several large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its position in Choice Hotels International by 17.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after acquiring an additional 5,156 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock valued at $2,778,000 after buying an additional 8,485 shares during the period. Twin Tree Management LP bought a new position in Choice Hotels International in the 1st quarter valued at approximately $6,248,000. SG Americas Securities LLC boosted its position in Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after buying an additional 6,384 shares during the period. Finally, Norden Group LLC grew its holdings in Choice Hotels International by 2,171.1% during the 1st quarter. Norden Group LLC now owns 55,664 shares of the company’s stock worth $7,033,000 after acquiring an additional 53,213 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CHH shares. Truist Financial lowered 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 report on Wednesday, September 4th. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a research note on Friday, July 19th. Barclays decreased their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. 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 started coverage on shares of Choice Hotels International in a report on Wednesday, September 18th. They set a “sell” rating and a $105.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $125.50.

Read Our Latest Stock Report on Choice Hotels International

Choice Hotels International Stock Performance

NYSE CHH traded down $0.19 during trading on Thursday, reaching $140.11. The company’s stock had a trading volume of 263,147 shares, compared to its average volume of 479,598. 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 12 month low of $108.91 and a 12 month high of $143.69. The firm has a 50 day moving average price of $130.36 and a 200 day moving average price of $123.50. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25.

Choice Hotels International (NYSE:CHH – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same period last year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Choice Hotels International will post 6.38 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.82%. Choice Hotels International’s payout ratio is 23.91%.

Choice Hotels International Company Profile

(Get Free Report)

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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