BlueMountain Capital Management LLC Takes $1.79 Million Position in Extended Stay America, Inc. (STAY)

BlueMountain Capital Management LLC purchased a new position in Extended Stay America, Inc. (NYSE:STAY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,647 shares of the company’s stock, valued at approximately $1,794,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado grew its holdings in shares of Extended Stay America by 122.8% in 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 last quarter. Meeder Asset Management Inc. bought a new position in shares of Extended Stay America in the first quarter worth about $105,000. Asset Management One Co. Ltd. grew its holdings 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 purchasing an additional 4,300 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Extended Stay America in the second quarter worth about $148,000. Finally, Envestnet Asset Management Inc. grew its holdings 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 purchasing an additional 2,658 shares during the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

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Extended Stay America, Inc. (NYSE:STAY) opened at 19.80 on Tuesday. The company has a market capitalization of $3.81 billion, a PE ratio of 25.42 and a beta of 1.06. The firm’s 50-day moving average is $19.21 and its 200 day moving average is $18.26. Extended Stay America, Inc. has a one year low of $13.00 and a one year high of $20.51.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, August 11th. Extended Stay America’s dividend payout ratio is currently 247.06%.

STAY has been the topic of a number of research analyst reports. BidaskClub cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Stifel Nicolaus upped their price target on shares of Extended Stay America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, June 20th. Robert W. Baird reiterated a “buy” rating and set a $21.00 target price on shares of Extended Stay America in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $19.67.

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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