Gluskin Sheff & Assoc Inc. lifted its holdings in shares of Extended Stay America, Inc. (NYSE:STAY) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,491,315 shares of the company’s stock after purchasing an additional 51,412 shares during the quarter. Extended Stay America accounts for 3.1% of Gluskin Sheff & Assoc Inc.’s holdings, making the stock its 13th largest position. Gluskin Sheff & Assoc Inc. owned 0.78% of Extended Stay America worth $29,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its holdings in shares of Extended Stay America by 122.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after purchasing an additional 2,867 shares during the period. Cable Hill Partners LLC bought a new position in shares of Extended Stay America during the third quarter worth approximately $104,000. The Manufacturers Life Insurance Company increased its holdings in shares of Extended Stay America by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after purchasing an additional 367 shares during the period. SG Americas Securities LLC bought a new position in shares of Extended Stay America during the second quarter worth approximately $148,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Extended Stay America by 210.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,038 shares of the company’s stock worth $214,000 after acquiring an additional 7,486 shares in the last quarter.

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Several analysts recently issued reports on STAY shares. Zacks Investment Research lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a research report on Thursday, October 12th. Finally, BidaskClub lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. 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 company’s stock. The company has an average rating of “Buy” and an average price target of $21.20.

Extended Stay America, Inc. (NYSE:STAY) traded up $0.05 during midday trading on Monday, hitting $19.96. 712,813 shares of the company traded hands, compared to its average volume of 1,684,399. The firm has a market cap of $3,829.60, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. Extended Stay America, Inc. has a twelve month low of $13.60 and a twelve month high of $20.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.07 and a quick ratio of 0.07.

About Extended Stay America

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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