Extended Stay America Inc (STAY) Holdings Trimmed by GSA Capital Partners LLP
GSA Capital Partners LLP lessened its holdings in Extended Stay America Inc (NYSE:STAY) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 135,099 shares of the company’s stock after selling 41,239 shares during the quarter. GSA Capital Partners LLP owned 0.07% of Extended Stay America worth $2,702,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of STAY. Public Employees Retirement Association of Colorado raised its stake 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. Cable Hill Partners LLC purchased a new position in shares of Extended Stay America in the third quarter worth about $104,000. The Manufacturers Life Insurance Company raised its stake in shares of Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after purchasing an additional 367 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Extended Stay America by 108.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock worth $141,000 after purchasing an additional 3,678 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Extended Stay America in the second quarter worth about $148,000. 98.47% of the stock is owned by institutional investors and hedge funds.
Shares of Extended Stay America Inc (NYSE STAY) traded down $0.19 during mid-day trading on Friday, reaching $17.57. The company had a trading volume of 1,327,500 shares, compared to its average volume of 2,164,659. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $3,416.05, a PE ratio of 17.58, a P/E/G ratio of 3.20 and a beta of 0.97. Extended Stay America Inc has a 52 week low of $15.43 and a 52 week high of $20.95.
Extended Stay America (NYSE:STAY) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $350.86 million for the quarter, compared to analysts’ expectations of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. research analysts anticipate that Extended Stay America Inc will post 0.97 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend was Monday, November 20th. Extended Stay America’s dividend payout ratio is currently 215.38%.
Several brokerages have recently issued reports on STAY. Zacks Investment Research cut Extended Stay America from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research note on Thursday, October 12th. BidaskClub upgraded Extended Stay America from a “sell” rating to a “hold” rating in a research note on Saturday, October 7th. Bank of America reduced their price objective on Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Finally, Deutsche Bank reduced their price objective on Extended Stay America from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.03.
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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