Vaughan Nelson Investment Management L.P. grew its holdings in Extended Stay America Inc (NYSE:STAY) by 17.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,113,675 shares of the company’s stock after acquiring an additional 456,300 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Extended Stay America were worth $59,161,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cable Hill Partners LLC acquired a new position in shares of Extended Stay America in the 3rd quarter valued at $104,000. Howe & Rusling Inc. acquired a new position in shares of Extended Stay America in the 4th quarter valued at $116,000. The Manufacturers Life Insurance Company raised its stake in shares of Extended Stay America by 6.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock valued at $120,000 after buying an additional 367 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Extended Stay America by 108.3% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock valued at $141,000 after buying an additional 3,678 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Extended Stay America by 1,359.4% in the 4th quarter. CENTRAL TRUST Co now owns 8,304 shares of the company’s stock valued at $158,000 after buying an additional 7,735 shares in the last quarter. Institutional investors own 98.31% of the company’s stock.

A number of brokerages have recently issued reports on STAY. ValuEngine cut shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Extended Stay America from a “sell” rating to a “hold” rating in a research note on Saturday, October 7th. Stifel Nicolaus dropped their price objective on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating for the company in a research note on Wednesday, November 8th. JPMorgan Chase & Co. upgraded shares of Extended Stay America from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Wednesday, December 13th. Finally, Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.17.

Shares of Extended Stay America Inc (STAY) opened at $20.49 on Friday. The stock has a market cap of $3,962.32, a PE ratio of 20.40, a P/E/G ratio of 7.04 and a beta of 0.97. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.94. Extended Stay America Inc has a 1 year low of $15.63 and a 1 year high of $21.28.

Extended Stay America (NYSE:STAY) last announced its earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $350.86 million for the quarter, compared to analyst estimates of $359.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 EPS. analysts expect that Extended Stay America Inc will post 0.98 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://theolympiareport.com/2018/01/27/vaughan-nelson-investment-management-l-p-acquires-456300-shares-of-extended-stay-america-inc-stay.html.

Extended Stay America 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.

Want to see what other hedge funds are holding STAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Extended Stay America Inc (NYSE:STAY).

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

Receive News & Ratings for Extended Stay America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America and related companies with MarketBeat.com's FREE daily email newsletter.