Today, the President & CEO of Choice Hotels (NYSE: CHH), Patrick Pacious, bought shares of CHH for $1.16M.
This recent transaction increases Patrick Pacious’ holding in the company by 34.41% to a total of $10.58 million.
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Based on Choice Hotels’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $298 million and quarterly net profit of $79.38 million. In comparison, last year the company earned revenue of $277 million and had a net profit of $44.68 million. CHH’s market cap is $4.7B and the company has a P/E ratio of 32.32. Currently, Choice Hotels has an average volume of 128.3K.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $82.80, reflecting a -0.5% downside.
The insider sentiment on Choice Hotels has been positive according to 108 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Choice Hotels International, Inc. franchises hotels. Its services include in the mid-scale, upper mid-scale and upscale hotels. It operates through Hotel Franchising, SkyTouch Technology, and Corporate and Other. The Hotel Franchising segment includes hotel franchising operations consisting of its twelve brands.
