Fox Run Management L.L.C. bought a new position in shares of Extended Stay America, Inc. (NYSE:STAY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,800 shares of the company’s stock, valued at approximately $596,000.
Several other hedge funds have also made changes to their positions in STAY. Public Employees Retirement Association of Colorado grew its holdings in shares of Extended Stay America by 122.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after purchasing an additional 2,867 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 worth $120,000 after purchasing an additional 367 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Extended Stay America by 50.7% during the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock worth $126,000 after purchasing an additional 2,658 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Extended Stay America during the second quarter worth $148,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Extended Stay America during the first quarter worth $166,000. Institutional investors own 99.47% of the company’s stock.
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Extended Stay America, Inc. (NYSE STAY) opened at 19.91 on Friday. Extended Stay America, Inc. has a 1-year low of $13.60 and a 1-year high of $20.95. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 25.56 and a beta of 1.06. The firm has a 50-day moving average price of $20.13 and a 200 day moving average price of $19.03.
Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.31 EPS 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 the consensus estimate of $342.70 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Extended Stay America, Inc. will post $1.02 earnings per share for the current year.
Several brokerages have recently issued reports on STAY. Robert W. Baird reaffirmed a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a research note on Thursday, October 12th. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, BidaskClub lowered Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.20.
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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