Schwab Charles Investment Management Inc. grew its holdings in shares of Extended Stay America Inc (NYSE:STAY) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,645,926 shares of the company’s stock after purchasing an additional 403,042 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Extended Stay America were worth $31,273,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wasatch Advisors Inc. increased its holdings in shares of Extended Stay America by 9.7% in the 4th quarter. Wasatch Advisors Inc. now owns 144,613 shares of the company’s stock worth $2,748,000 after acquiring an additional 12,758 shares during the period. Convergence Investment Partners LLC acquired a new stake in shares of Extended Stay America in the 4th quarter worth about $1,001,000. Burgundy Asset Management Ltd. increased its holdings in shares of Extended Stay America by 103.7% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock worth $50,396,000 after acquiring an additional 1,283,070 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Extended Stay America by 13.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,455 shares of the company’s stock worth $1,809,000 after acquiring an additional 10,940 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Extended Stay America by 29.2% in the 3rd quarter. California Public Employees Retirement System now owns 241,160 shares of the company’s stock worth $4,823,000 after acquiring an additional 54,560 shares during the period. 95.89% of the stock is currently owned by institutional investors.

STAY has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.50 price objective on shares of Extended Stay America in a report on Tuesday, January 9th. Zacks Investment Research raised 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 report on Thursday, October 26th. Bank of America dropped their price objective on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Deutsche Bank dropped their price objective on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Nomura dropped their price objective on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.17.

Extended Stay America Inc (NYSE STAY) opened at $19.05 on Tuesday. The stock has a market cap of $3,644.95, a PE ratio of 48.85, a P/E/G ratio of 6.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.11 and a quick ratio of 0.11. Extended Stay America Inc has a 12-month low of $15.63 and a 12-month high of $21.28.

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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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