Virginia Retirement Systems ET AL Raises Stake in Extended Stay America (STAY)

Virginia Retirement Systems ET AL grew its holdings in Extended Stay America (NYSE:STAY) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,500 shares of the company’s stock after acquiring an additional 2,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in Extended Stay America were worth $5,430,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Extended Stay America by 17.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 148,519 shares of the company’s stock valued at $2,666,000 after acquiring an additional 21,674 shares during the period. Investec Asset Management North America Inc. raised its stake in shares of Extended Stay America by 0.3% in the 1st quarter. Investec Asset Management North America Inc. now owns 961,497 shares of the company’s stock valued at $17,259,000 after acquiring an additional 2,533 shares during the period. Investec Asset Management PTY Ltd raised its stake in shares of Extended Stay America by 2.7% in the 1st quarter. Investec Asset Management PTY Ltd now owns 98,707 shares of the company’s stock valued at $1,781,000 after acquiring an additional 2,567 shares during the period. First Quadrant L P CA raised its stake in shares of Extended Stay America by 97.1% in the 1st quarter. First Quadrant L P CA now owns 8,562 shares of the company’s stock valued at $154,000 after acquiring an additional 4,217 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Extended Stay America in the 1st quarter valued at $257,000. 96.67% of the stock is currently owned by institutional investors and hedge funds.

Separately, Goldman Sachs Group raised shares of Extended Stay America from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, March 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Extended Stay America currently has an average rating of “Buy” and an average target price of $22.21.

STAY opened at $18.20 on Monday. Extended Stay America has a twelve month low of $14.77 and a twelve month high of $22.58.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Wednesday, February 27th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $289.70 million for the quarter, compared to analyst estimates of $288.52 million. Extended Stay America’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share.

WARNING: “Virginia Retirement Systems ET AL Raises Stake in Extended Stay America (STAY)” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2019/04/29/virginia-retirement-systems-et-al-raises-stake-in-extended-stay-america-stay.html.

Extended Stay America Profile

Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.

Recommended Story: Fundamental Analysis – How It Helps Investors

Want to see what other hedge funds are holding STAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extended Stay America (NYSE:STAY).

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

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