James Investment Research Inc. bought a new stake in shares of Extended Stay America, Inc. (NYSE:STAY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 116,375 shares of the company’s stock, valued at approximately $2,253,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Extended Stay America during the first quarter worth $105,000. Asset Management One Co. Ltd. increased its stake in shares of Extended Stay America by 134.4% in the first quarter. Asset Management One Co. Ltd. now owns 7,500 shares of the company’s stock worth $120,000 after buying an additional 4,300 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock worth $126,000 after buying an additional 2,658 shares in the last quarter. TLP Group LLC purchased a new stake in shares of Extended Stay America during the first quarter worth $135,000. Finally, Paragon Capital Management Ltd purchased a new stake in shares of Extended Stay America during the first quarter worth $160,000. 92.27% of the stock is currently owned by institutional investors.

Shares of Extended Stay America, Inc. (STAY) opened at 19.25 on Monday. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $19.98. The firm’s 50-day moving average is $18.47 and its 200 day moving average is $17.16. The firm has a market capitalization of $3.74 billion, a P/E ratio of 23.19 and a beta of 1.06.

Extended Stay America (NYSE:STAY) last issued its earnings results on Thursday, April 27th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Extended Stay America had a return on equity of 14.43% and a net margin of 5.96%. The company had revenue of $291 million for the quarter, compared to analyst estimates of $290.20 million. During the same period in the prior year, the firm earned $0.13 earnings per share. Extended Stay America’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Extended Stay America, Inc. will post $1.04 earnings per share for the current year.

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A number of brokerages recently weighed in on STAY. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, June 20th. BidaskClub downgraded shares of Extended Stay America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, TheStreet upgraded shares of Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Extended Stay America presently has a consensus rating of “Buy” and a consensus target price of $19.00.

In related news, major shareholder Paulson & Co. Inc. sold 10,250,000 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $17.23, for a total value of $176,607,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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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