New York State Common Retirement Fund Has $6.99 Million Holdings in Extended Stay America, Inc. (STAY)

New York State Common Retirement Fund raised its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 136.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 361,000 shares of the company’s stock after buying an additional 208,599 shares during the quarter. New York State Common Retirement Fund owned about 0.19% of Extended Stay America worth $6,989,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Investec Asset Management LTD grew its holdings in Extended Stay America by 2.2% during the 2nd quarter. Investec Asset Management LTD now owns 8,874,263 shares of the company’s stock valued at $171,806,000 after buying an additional 189,347 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in Extended Stay America during the 2nd quarter valued at $17,787,000. PNC Financial Services Group Inc. grew its holdings in Extended Stay America by 8,082.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 45,168 shares of the company’s stock valued at $873,000 after buying an additional 44,616 shares during the last quarter. Laurion Capital Management LP grew its holdings in Extended Stay America by 1,173.6% during the 2nd quarter. Laurion Capital Management LP now owns 892,763 shares of the company’s stock valued at $17,284,000 after buying an additional 822,663 shares during the last quarter. Finally, Elk Creek Partners LLC grew its holdings in Extended Stay America by 4.2% during the 2nd quarter. Elk Creek Partners LLC now owns 200,171 shares of the company’s stock valued at $3,875,000 after buying an additional 8,117 shares during the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

Shares of Extended Stay America, Inc. (NYSE:STAY) opened at 20.64 on Thursday. The stock’s 50 day moving average price is $19.70 and its 200 day moving average price is $18.68. Extended Stay America, Inc. has a 12-month low of $13.00 and a 12-month high of $20.88. The firm has a market cap of $3.97 billion, a PE ratio of 26.50 and a beta of 1.06.

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

A number of brokerages have commented on STAY. Zacks Investment Research cut Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 target price (up previously from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. BidaskClub cut Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird reiterated a “buy” rating and set a $21.00 target price on shares of Extended Stay America in a report on Friday, September 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.75.

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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.

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

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