Paulson & CO. Inc. Lowers Position in Extended Stay America, Inc. (STAY)

Paulson & CO. Inc. trimmed its position in shares of Extended Stay America, Inc. (NYSE:STAY) by 91.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,804,652 shares of the company’s stock after selling 18,281,938 shares during the period. Paulson & CO. Inc. owned approximately 0.94% of Extended Stay America worth $34,938,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAY. Caxton Associates LP boosted its holdings in Extended Stay America by 0.4% during the second quarter. Caxton Associates LP now owns 27,400 shares of the company’s stock valued at $530,000 after purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Extended Stay America by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock valued at $120,000 after purchasing an additional 367 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Extended Stay America by 3.3% during the first quarter. Public Employees Retirement System of Ohio now owns 28,640 shares of the company’s stock valued at $457,000 after purchasing an additional 918 shares in the last quarter. Paragon Capital Management Ltd boosted its holdings in Extended Stay America by 15.1% during the second quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock valued at $224,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Reinhart Partners Inc. boosted its holdings in Extended Stay America by 1.4% during the second quarter. Reinhart Partners Inc. now owns 141,590 shares of the company’s stock valued at $2,741,000 after purchasing an additional 1,980 shares in the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

Several brokerages have recently commented on STAY. Robert W. Baird reissued a “buy” rating and issued a $21.00 target price on shares of Extended Stay America in a report on Thursday, October 12th. Zacks Investment Research downgraded Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. Finally, BidaskClub downgraded Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.75.

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Extended Stay America, Inc. (NYSE STAY) traded up 0.072% on Tuesday, reaching $20.815. The company’s stock had a trading volume of 395,946 shares. The firm’s 50 day moving average is $19.84 and its 200-day moving average is $18.77. The firm has a market cap of $4.00 billion, a P/E ratio of 26.720 and a beta of 1.06. Extended Stay America, Inc. has a 12 month low of $13.26 and a 12 month high of $20.92.

Extended Stay America (NYSE:STAY) last issued its earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The company had revenue of $338.36 million during the quarter, compared to analyst estimates of $342.70 million. During the same quarter in the prior year, the business earned $0.31 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Extended Stay America, Inc. will post $1.02 EPS for the current year.

Extended Stay America Profile

Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. The Company owns and operates approximately 700 hotel properties consisting of approximately 75,900 rooms located in 44 states across the United States of America and in Canada.

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Institutional Ownership by Quarter for Extended Stay America (NYSE:STAY)

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