Chicago Equity Partners LLC bought a new stake in Extended Stay America (NYSE:STAY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 172,205 shares of the company’s stock, valued at approximately $2,669,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Bank & Trust boosted its stake in Extended Stay America by 52.4% during the 4th quarter. First Bank & Trust now owns 6,630 shares of the company’s stock valued at $103,000 after purchasing an additional 2,279 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Extended Stay America during the 4th quarter valued at about $145,000. Commonwealth Bank of Australia acquired a new position in Extended Stay America during the 3rd quarter valued at about $178,000. Boston Advisors LLC acquired a new position in Extended Stay America during the 4th quarter valued at about $184,000. Finally, Gideon Capital Advisors Inc. acquired a new position in Extended Stay America during the 3rd quarter valued at about $224,000. Institutional investors own 96.67% of the company’s stock.

Shares of NYSE STAY opened at $17.28 on Thursday. Extended Stay America has a twelve month low of $14.77 and a twelve month high of $22.58.

STAY has been the topic of a number of research analyst reports. Zacks Investment Research restated a “hold” rating on shares of Extended Stay America in a research note on Friday, November 16th. Morgan Stanley set a $21.00 target price on Extended Stay America and gave the stock a “buy” rating in a research note on Thursday, December 20th. Bank of America boosted their target price on Extended Stay America from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. cut their target price on Extended Stay America from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Extended Stay America presently has a consensus rating of “Buy” and an average target price of $22.31.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/chicago-equity-partners-llc-takes-position-in-extended-stay-america-stay/2819448.html.

About Extended Stay America

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.

Featured Article: Is the QQQ ETF safe?

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.