Westpac Banking Corp grew its position in Extended Stay America, Inc. (NYSE:STAY) by 50.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,383 shares of the company’s stock after purchasing an additional 79,783 shares during the quarter. Westpac Banking Corp owned approximately 0.12% of Extended Stay America worth $4,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in STAY. BlackRock Inc. raised its holdings in shares of Extended Stay America by 728.7% in the 1st quarter. BlackRock Inc. now owns 6,648,923 shares of the company’s stock valued at $105,986,000 after purchasing an additional 5,846,567 shares in the last quarter. Hamlin Capital Management LLC acquired a new stake in shares of Extended Stay America in the 2nd quarter valued at $102,091,000. Vanguard Group Inc. raised its holdings in shares of Extended Stay America by 49.9% in the 2nd quarter. Vanguard Group Inc. now owns 15,145,372 shares of the company’s stock valued at $293,215,000 after purchasing an additional 5,044,514 shares in the last quarter. River Road Asset Management LLC acquired a new stake in shares of Extended Stay America in the 2nd quarter valued at $73,977,000. Finally, Marshall Wace North America L.P. raised its holdings in shares of Extended Stay America by 158.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 4,115,381 shares of the company’s stock valued at $78,192,000 after purchasing an additional 2,523,441 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Extended Stay America, Inc. (NYSE:STAY) opened at $19.91 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $3,829.59, a price-to-earnings ratio of 19.52, a P/E/G ratio of 3.35 and a beta of 1.05. Extended Stay America, Inc. has a 52-week low of $13.60 and a 52-week high of $20.95.

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A number of brokerages have recently weighed in on STAY. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird restated a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.20.

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.

Institutional Ownership by Quarter for Extended Stay America (NYSE:STAY)

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