1060 Capital LLC acquired a new stake in shares of Extended Stay America Inc (NYSE:STAY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 150,000 shares of the company’s stock, valued at approximately $2,850,000. Extended Stay America comprises approximately 0.9% of 1060 Capital LLC’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its holdings in Extended Stay America by 82.6% during the second quarter. Wells Fargo & Company MN now owns 307,920 shares of the company’s stock valued at $5,962,000 after purchasing an additional 139,265 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Extended Stay America by 225.9% during the second quarter. Alliancebernstein L.P. now owns 89,345 shares of the company’s stock valued at $1,730,000 after purchasing an additional 61,930 shares during the last quarter. BlackRock Inc. grew its holdings in Extended Stay America by 82.3% during the second quarter. BlackRock Inc. now owns 12,118,235 shares of the company’s stock valued at $234,608,000 after purchasing an additional 5,469,312 shares during the last quarter. Amalgamated Bank grew its holdings in Extended Stay America by 179.7% during the second quarter. Amalgamated Bank now owns 29,650 shares of the company’s stock valued at $574,000 after purchasing an additional 19,048 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Extended Stay America by 8,082.6% during the second quarter. PNC Financial Services Group Inc. now owns 45,168 shares of the company’s stock valued at $873,000 after purchasing an additional 44,616 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Extended Stay America Inc (NYSE STAY) traded down $0.15 during midday trading on Thursday, hitting $20.08. The company’s stock had a trading volume of 1,446,376 shares, compared to its average volume of 1,805,062. The company has a market capitalization of $3,879.61, a PE ratio of 51.87, a PEG ratio of 6.89 and a beta of 0.97. Extended Stay America Inc has a 12 month low of $15.63 and a 12 month high of $21.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11.

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

STAY has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, October 26th. Robert W. Baird restated a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research note on Thursday, October 12th. Bank of America decreased their price target on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Deutsche Bank decreased their price target on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average 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.

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

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