Corsair Capital Management LP Raised Extended Stay Amer INC (STAY) Stake by $8.19 Million

May 17, 2018 - By Paula Hilliard

Extended Stay America, Inc. Paired Shares (NYSE:STAY) LogoInvestors sentiment increased to 1.55 in Q4 2017. Its up 0.15, from 1.4 in 2017Q3. It increased, as 30 investors sold STAY shares while 58 reduced holdings. 41 funds opened positions while 95 raised stakes. 176.99 million shares or 2.95% less from 182.36 million shares in 2017Q3 were reported. Jane Street Grp Lc reported 17,888 shares stake. First Quadrant Limited Partnership Ca stated it has 0.46% of its portfolio in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Northern Tru stated it has 0% of its portfolio in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Raymond James Na stated it has 0.04% of its portfolio in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Sei Invs Company, Pennsylvania-based fund reported 927,391 shares. Wasatch Advsr Inc stated it has 144,613 shares. Kempen Mngmt Nv reported 0.17% stake. 2.24 million are owned by Aqr Cap Management Limited Liability Com. Cubist Systematic Strategies Limited Com invested 0.02% in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Comerica Bankshares holds 0.11% or 817,352 shares. Point72 Asia (Hong Kong) Limited, a Hong Kong-based fund reported 2,722 shares. Moreover, Atlantic Grp Inc Lc has 0.01% invested in Extended Stay America, Inc. Paired Shares (NYSE:STAY). State Board Of Administration Of Florida Retirement System invested in 86,943 shares or 0% of the stock. Brown Brothers Harriman And Commerce invested in 0% or 70 shares. Pitcairn reported 17,822 shares.

Since March 8, 2018, it had 0 insider purchases, and 1 insider sale for $192,306 activity.

Jay Petschek increased its stake in Extended Stay Amer Inc (STAY) by 145.41% based on its latest 2017Q4 regulatory filing with the SEC. Corsair Capital Management Lp bought 455,217 shares as the company’s stock rose 5.09% while stock markets declined. The hedge fund run by Jay Petschek held 768,272 shares of the consumer services company at the end of 2017Q4, valued at $14.60M, up from 313,055 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Extended Stay Amer Inc for a number of months, seems to be bullish on the $3.69 billion market cap company. The stock decreased 0.92% or $0.18 during the last trading session, reaching $19.43. About 787,877 shares traded. Extended Stay America, Inc. Paired Shares (NYSE:STAY) has risen 22.24% since May 17, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Corsair Capital Management Lp, which manages about $1.44B and $559.98 million US Long portfolio, decreased its stake in Axalta Coating Sys Ltd by 143,647 shares to 374,089 shares, valued at $12.11 million in 2017Q4, according to the filing. It also reduced its holding in Olin Corp (NYSE:OLN) by 214,404 shares in the quarter, leaving it with 169,864 shares, and cut its stake in Ryman Hospitality Pptys Inc (NYSE:RHP).

More important recent Extended Stay America, Inc. Paired Shares (NYSE:STAY) news were published by: Globenewswire.com which released: “Extended Stay America Announces First Quarter 2018 Results” on April 26, 2018, also Streetinsider.com published article titled: “Quick Look At Gaming and Leisure Trends – Nomura”, Globenewswire.com published: “Extended Stay America Appoints Christopher N. Dekle as General Counsel and Corporate Secretary” on May 16, 2018. More interesting news about Extended Stay America, Inc. Paired Shares (NYSE:STAY) was released by: Streetinsider.com and their article: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018.

Extended Stay America, Inc. Paired Shares (NYSE:STAY) Ratings Coverage

Among 7 analysts covering Extended Stay America (NYSE:STAY), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Extended Stay America had 12 analyst reports since December 13, 2017 according to SRatingsIntel. The rating was upgraded by JP Morgan on Wednesday, December 13 to “Overweight”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, December 19. The stock of Extended Stay America, Inc. Paired Shares (NYSE:STAY) has “Buy” rating given on Thursday, April 19 by Robert W. Baird. The stock of Extended Stay America, Inc. Paired Shares (NYSE:STAY) earned “Overweight” rating by Barclays Capital on Wednesday, February 28. The company was upgraded on Wednesday, December 13 by J.P. Morgan. The stock of Extended Stay America, Inc. Paired Shares (NYSE:STAY) has “Equal-Weight” rating given on Monday, April 30 by Morgan Stanley. Stifel Nicolaus maintained Extended Stay America, Inc. Paired Shares (NYSE:STAY) on Thursday, February 1 with “Buy” rating. Stifel Nicolaus maintained Extended Stay America, Inc. Paired Shares (NYSE:STAY) on Tuesday, February 27 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $21.0 target in Monday, January 8 report. Susquehanna maintained the shares of STAY in report on Monday, April 23 with “Hold” rating.

Extended Stay America, Inc. Paired Shares (NYSE:STAY) Institutional Positions Chart

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