Institutional Investors Are Dumping Extended Stay America Inc (NYSE:STAY)

June 14, 2018 - By Margaret Downey

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

Sentiment for Extended Stay America Inc (NYSE:STAY)

Extended Stay America Inc (NYSE:STAY) institutional sentiment decreased to 1.17 in 2018 Q1. Its down -0.38, from 1.55 in 2017Q4. The ratio dropped, as 115 institutional investors increased or opened new stock positions, while 98 sold and trimmed equity positions in Extended Stay America Inc. The institutional investors in our partner’s database now have: 180.53 million shares, up from 176.99 million shares in 2017Q4. Also, the number of institutional investors holding Extended Stay America Inc in their top 10 stock positions increased from 5 to 7 for an increase of 2. Sold All: 15 Reduced: 83 Increased: 79 New Position: 36.

Extended Stay America, Inc. owns and operates hotels in the United States and Canada. The company has market cap of $4.10 billion. As of December 31, 2016, the firm had 629 hotels with approximately 69,400 consisting of 626 hotels with approximately 68,900 rooms under the Extended Stay America brand; and 3 hotels with 500 rooms under the Extended Stay Canada brand. It has a 24.27 P/E ratio. It serves clients in the mid-priced extended stay segment.

The stock increased 1.84% or $0.39 during the last trading session, reaching $21.58. About 1.05 million shares traded. Extended Stay America, Inc. Paired Shares (NYSE:STAY) has risen 12.10% since June 14, 2017 and is uptrending. It has underperformed by 0.47% the S&P500.

Simcoe Capital Management Llc holds 7.94% of its portfolio in Extended Stay America, Inc. Paired Shares for 1.18 million shares. Southernsun Asset Management Llc owns 7.98 million shares or 4.44% of their US portfolio. Moreover, Hamlin Capital Management Llc has 3.93% invested in the company for 10.30 million shares. The New York-based Luxor Capital Group Lp has invested 3.63% in the stock. Messner & Smith Theme Value Investment Management Ltd Ca, a California-based fund reported 96,991 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $192,306 activity.

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

Ratings analysis reveals 83% of Extended Stay America’s analysts are positive. Out of 6 Wall Street analysts rating Extended Stay America, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $19.50 while the high is $22. The stock’s average target of $21.30 is -1.30% below today’s ($21.58) share price. STAY was included in 12 notes of analysts from December 19, 2017. The stock has “Overweight” rating by Morgan Stanley on Thursday, May 31. The firm has “Overweight” rating by Barclays Capital given on Wednesday, February 28. The stock has “Buy” rating by Robert W. Baird on Thursday, April 19. The firm has “Buy” rating given on Monday, January 8 by Robert W. Baird. As per Monday, April 23, the company rating was maintained by Susquehanna. Stifel Nicolaus maintained it with “Buy” rating and $19.50 target in Tuesday, December 19 report. The stock of Extended Stay America, Inc. Paired Shares (NYSE:STAY) has “Equal-Weight” rating given on Monday, April 9 by Morgan Stanley. On Thursday, February 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained Extended Stay America, Inc. Paired Shares (NYSE:STAY) on Tuesday, February 27 with “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, April 30 report.

More important recent Extended Stay America, Inc. Paired Shares (NYSE:STAY) news were published by: Globenewswire.com which released: “Extended Stay America to Transfer Stock Exchange Listing to Nasdaq” on June 11, 2018, also Globenewswire.com published article titled: “Extended Stay America Appoints Christopher N. Dekle as General Counsel and Corporate Secretary”, Benzinga.com published: “Morgan Stanley Says Extended Stay Is Undervalued By Investors” on May 31, 2018. More interesting news about Extended Stay America, Inc. Paired Shares (NYSE:STAY) was released by: Globenewswire.com and their article: “Extended Stay America to participate at the 2018 Baird’s Global Consumer, Technology & Services Conference” with publication date: June 04, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: