Chartwell Investment Partners LLC Has $3.60 Million Holdings in Extended Stay America, Inc. (STAY)

Chartwell Investment Partners LLC grew its position in Extended Stay America, Inc. (NYSE:STAY) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,781 shares of the company’s stock after purchasing an additional 7,757 shares during the quarter. Chartwell Investment Partners LLC owned about 0.09% of Extended Stay America worth $3,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its holdings in Extended Stay America by 122.8% in 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. Cable Hill Partners LLC purchased a new position in Extended Stay America in the third quarter worth $104,000. The Manufacturers Life Insurance Company grew its holdings in Extended Stay America by 6.3% in 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. SG Americas Securities LLC purchased a new position in Extended Stay America in the second quarter worth $148,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Extended Stay America by 210.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,038 shares of the company’s stock worth $214,000 after purchasing an additional 7,486 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Chartwell Investment Partners LLC Has $3.60 Million Holdings in Extended Stay America, Inc. (STAY)” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://sportsperspectives.com/2017/11/24/chartwell-investment-partners-llc-has-3-60-million-holdings-in-extended-stay-america-inc-stay.html.

Several equities analysts have issued reports on STAY shares. Zacks Investment Research lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Deutsche Bank AG dropped their price objective on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and set a $21.00 price objective on shares of Extended Stay America in a report on Friday, September 8th. BidaskClub raised shares of Extended Stay America from a “sell” rating to a “hold” rating in a report on Saturday, October 7th. Finally, Nomura dropped their price objective on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Extended Stay America has an average rating of “Buy” and an average price target of $20.81.

Shares of Extended Stay America, Inc. (NYSE STAY) traded up $0.34 on Friday, hitting $16.90. 2,014,400 shares of the stock were exchanged, compared to its average volume of 2,183,230. The stock has a market capitalization of $3,260.00, a price-to-earnings ratio of 16.73, a PEG ratio of 3.05 and a beta of 1.05. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.94. Extended Stay America, Inc. has a 12-month low of $15.27 and a 12-month high of $20.95.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $350.86 million for the quarter, compared to analysts’ expectations of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. Extended Stay America’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. equities research analysts forecast that Extended Stay America, Inc. will post 0.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, November 20th. Extended Stay America’s dividend payout ratio (DPR) is presently 215.38%.

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)

Receive News & Ratings for Extended Stay America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply