Cable Hill Partners LLC Takes $104,000 Position in Extended Stay America, Inc. (STAY)

Cable Hill Partners LLC bought a new stake in Extended Stay America, Inc. (NYSE:STAY) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,224 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds have also recently added to or reduced their stakes in STAY. BlackRock Inc. grew its holdings in shares of Extended Stay America by 728.7% during the 1st quarter. BlackRock Inc. now owns 6,648,923 shares of the company’s stock valued at $105,986,000 after purchasing an additional 5,846,567 shares during the last quarter. Hamlin Capital Management LLC bought a new stake in shares of Extended Stay America during the 2nd quarter valued at approximately $102,091,000. Vanguard Group Inc. grew its holdings in shares of Extended Stay America by 49.9% during the 2nd quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock valued at $293,215,000 after purchasing an additional 5,044,514 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of Extended Stay America during the 2nd quarter valued at approximately $73,977,000. Finally, Marshall Wace North America L.P. grew its holdings in shares of Extended Stay America by 158.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 4,115,381 shares of the company’s stock valued at $78,192,000 after purchasing an additional 2,523,441 shares during the last quarter. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on STAY shares. BidaskClub lowered shares of Extended Stay America from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.20.

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Shares of Extended Stay America, Inc. (NYSE STAY) traded up 0.71% on Wednesday, hitting $19.96. 141,278 shares of the stock were exchanged. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 25.62 and a beta of 1.06. The company has a 50 day moving average of $20.15 and a 200 day moving average of $19.08. Extended Stay America, Inc. has a 52-week low of $13.59 and a 52-week high of $20.95.

Extended Stay America (NYSE:STAY) last issued its earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $342.70 million. During the same quarter in the prior year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts forecast that Extended Stay America, Inc. will post $1.02 earnings per share for the current year.

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

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