Capital Fund Management S.A. acquired a new stake in shares of Extended Stay America Inc. (NYSE:STAY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,042 shares of the company’s stock, valued at approximately $419,000.
A number of other large investors have also bought and sold shares of STAY. Nordea Investment Management AB bought a new position in Extended Stay America during the second quarter valued at approximately $1,498,000. Goldentree Asset Management LP increased its position in Extended Stay America by 7.4% in the first quarter. Goldentree Asset Management LP now owns 1,131,835 shares of the company’s stock valued at $18,449,000 after buying an additional 78,000 shares in the last quarter. A.R.T. Advisors LLC increased its position in Extended Stay America by 20.8% in the first quarter. A.R.T. Advisors LLC now owns 84,824 shares of the company’s stock valued at $1,382,000 after buying an additional 14,600 shares in the last quarter. HBK Investments L P increased its position in Extended Stay America by 140.9% in the first quarter. HBK Investments L P now owns 93,942 shares of the company’s stock valued at $1,531,000 after buying an additional 54,942 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Extended Stay America by 78.7% in the first quarter. Goldman Sachs Group Inc. now owns 597,358 shares of the company’s stock valued at $9,737,000 after buying an additional 263,114 shares in the last quarter. 99.68% of the stock is owned by institutional investors.
Shares of Extended Stay America Inc. (NYSE:STAY) traded up 0.53% during mid-day trading on Thursday, hitting $13.36. The stock had a trading volume of 910,049 shares. The company’s 50 day moving average is $14.22 and its 200-day moving average is $14.76. Extended Stay America Inc. has a 52-week low of $10.56 and a 52-week high of $19.86. The stock has a market cap of $2.68 billion, a P/E ratio of 24.65 and a beta of 0.95.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Extended Stay America had a net margin of 8.71% and a return on equity of 12.83%. The firm earned $332.80 million during the quarter, compared to the consensus estimate of $337.47 million. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Extended Stay America Inc. will post $0.92 earnings per share for the current fiscal year.
Several research analysts have recently commented on STAY shares. Goldman Sachs Group Inc. assumed coverage on Extended Stay America in a report on Monday, September 26th. They issued a “neutral” rating and a $14.00 price objective on the stock. Barclays PLC restated an “overweight” rating and set a $19.00 price target on shares of Extended Stay America in a report on Friday, September 30th. Bank of America Corp. restated a “neutral” rating on shares of Extended Stay America in a report on Monday, July 18th. Deutsche Bank AG reduced their price target on Extended Stay America from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Finally, Zacks Investment Research downgraded Extended Stay America from a “hold” rating to a “sell” rating in a report on Saturday, July 16th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.67.
In other Extended Stay America news, major shareholder Paulson & Co. Inc. sold 4,983,333 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $14.16, for a total value of $70,563,995.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Extended Stay America Company 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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