Sei Investments Co. lessened its stake in Extended Stay America (NYSE:STAY) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639,305 shares of the company’s stock after selling 72,358 shares during the period. Sei Investments Co. owned 0.34% of Extended Stay America worth $13,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hilltop Holdings Inc. purchased a new stake in shares of Extended Stay America during the first quarter worth about $201,000. Bayesian Capital Management LP purchased a new stake in Extended Stay America in the first quarter valued at approximately $293,000. Asset Management One Co. Ltd. boosted its position in Extended Stay America by 119.1% in the first quarter. Asset Management One Co. Ltd. now owns 15,339 shares of the company’s stock valued at $303,000 after buying an additional 8,339 shares during the last quarter. James Investment Research Inc. boosted its position in Extended Stay America by 34.0% in the second quarter. James Investment Research Inc. now owns 14,973 shares of the company’s stock valued at $324,000 after buying an additional 3,800 shares during the last quarter. Finally, Symphony Asset Management LLC purchased a new stake in Extended Stay America in the first quarter valued at approximately $385,000. Institutional investors own 96.67% of the company’s stock.

In other Extended Stay America news, insider Ames Flynn sold 1,390 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $21.47, for a total value of $29,843.30. Following the completion of the transaction, the insider now directly owns 55,713 shares of the company’s stock, valued at $1,196,158.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian T. Nicholson purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was bought at an average cost of $21.19 per share, with a total value of $211,900.00. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. ValuEngine lowered Extended Stay America from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $22.50 target price on shares of Extended Stay America in a research report on Thursday, July 26th. Morgan Stanley upped their target price on Extended Stay America from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, April 30th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $22.00 target price on shares of Extended Stay America in a research report on Thursday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.95.

Shares of NYSE:STAY opened at $21.00 on Friday. Extended Stay America has a 12-month low of $16.27 and a 12-month high of $22.58. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.19 and a quick ratio of 0.19.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Extended Stay America had a return on equity of 15.18% and a net margin of 5.47%. The company had revenue of $336.50 million during the quarter, compared to the consensus estimate of $336.68 million. During the same period in the previous year, the company posted $0.31 earnings per share. Extended Stay America’s revenue for the quarter was down .5% on a year-over-year basis. sell-side analysts anticipate that Extended Stay America will post 1.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, August 8th. Extended Stay America’s payout ratio is presently 88.00%.

Extended Stay America Company Profile

Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.

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

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