Fmr LLC lessened its stake in shares of Extended Stay America, Inc. (NYSE:STAY) by 20.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,137,751 shares of the company’s stock after selling 2,130,634 shares during the period. Fmr LLC owned about 4.23% of Extended Stay America worth $157,547,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Extended Stay America by 49.9% during the 2nd quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock valued at $293,215,000 after acquiring an additional 5,044,514 shares during the last quarter. BlackRock Inc. lifted its position in shares of Extended Stay America by 82.3% during the 2nd quarter. BlackRock Inc. now owns 12,118,235 shares of the company’s stock valued at $234,608,000 after acquiring an additional 5,469,312 shares during the last quarter. Investec Asset Management LTD lifted its position in shares of Extended Stay America by 2.2% during the 2nd quarter. Investec Asset Management LTD now owns 8,874,263 shares of the company’s stock valued at $171,806,000 after acquiring an additional 189,347 shares during the last quarter. Hamlin Capital Management LLC acquired a new stake in shares of Extended Stay America during the 2nd quarter valued at $102,091,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Extended Stay America by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,816,589 shares of the company’s stock valued at $93,233,000 after acquiring an additional 1,095,624 shares during the last quarter. Institutional investors own 99.39% of the company’s stock.

A number of equities research analysts have recently commented on STAY shares. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 price objective (up previously from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. BidaskClub upgraded Extended Stay America from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $21.00 price objective on shares of Extended Stay America in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.75.

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Shares of Extended Stay America, Inc. (NYSE STAY) opened at 20.38 on Friday. The stock has a 50 day moving average price of $19.46 and a 200-day moving average price of $18.53. Extended Stay America, Inc. has a 12-month low of $13.00 and a 12-month high of $20.53. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 26.16 and a beta of 1.06.

Extended Stay America (NYSE:STAY) last released its earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The business had revenue of $338.36 million for the quarter, compared to analyst estimates of $342.70 million. During the same period in the prior year, the firm posted $0.31 EPS. Extended Stay America’s revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Extended Stay America, Inc. will post $1.02 EPS for the current fiscal year.

Extended Stay America 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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