Wasatch Advisors Inc. Acquires 12,758 Shares of Extended Stay America Inc (STAY)

Wasatch Advisors Inc. boosted its holdings in shares of Extended Stay America Inc (NYSE:STAY) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,613 shares of the company’s stock after purchasing an additional 12,758 shares during the period. Wasatch Advisors Inc. owned approximately 0.08% of Extended Stay America worth $2,748,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in STAY. SG Americas Securities LLC acquired a new stake in Extended Stay America during the second quarter valued at approximately $148,000. Bank of New York Mellon Corp lifted its stake in Extended Stay America by 98.6% during the second quarter. Bank of New York Mellon Corp now owns 561,632 shares of the company’s stock valued at $10,874,000 after purchasing an additional 278,808 shares during the last quarter. Legal & General Group Plc lifted its stake in Extended Stay America by 88.1% during the second quarter. Legal & General Group Plc now owns 61,313 shares of the company’s stock valued at $1,187,000 after purchasing an additional 28,712 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Extended Stay America by 120.9% in the 2nd quarter. Federated Investors Inc. PA now owns 22,201 shares of the company’s stock valued at $430,000 after acquiring an additional 12,152 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Extended Stay America by 82.6% in the 2nd quarter. Wells Fargo & Company MN now owns 307,920 shares of the company’s stock valued at $5,962,000 after acquiring an additional 139,265 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Shares of Extended Stay America Inc (STAY) opened at $21.00 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $3,939.23, a P/E ratio of 53.85, a P/E/G ratio of 7.00 and a beta of 0.97. Extended Stay America Inc has a 12-month low of $15.62 and a 12-month high of $21.25.

Extended Stay America (NYSE:STAY) last released its earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The company had revenue of $350.86 million during the quarter, compared to analysts’ expectations of $359.70 million. During the same quarter in the previous year, the company earned $0.36 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. research analysts forecast that Extended Stay America Inc will post 0.98 earnings per share for the current year.

Several brokerages recently commented on STAY. Stifel Nicolaus restated a “buy” rating and issued a $20.50 price target on shares of Extended Stay America in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America reduced their price target on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Extended Stay America presently has a consensus rating of “Buy” and a consensus price target of $21.17.

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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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