Raymond James Trust N.A. trimmed its position in Extended Stay America (NYSE:STAY) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,217 shares of the company’s stock after selling 6,214 shares during the quarter. Raymond James Trust N.A.’s holdings in Extended Stay America were worth $612,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iberiabank Corp acquired a new position in Extended Stay America during the third quarter worth $251,000. Asset Management One Co. Ltd. raised its stake in Extended Stay America by 119.1% during the first quarter. Asset Management One Co. Ltd. now owns 15,339 shares of the company’s stock worth $303,000 after acquiring an additional 8,339 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Extended Stay America by 35.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,194 shares of the company’s stock worth $307,000 after acquiring an additional 3,715 shares in the last quarter. Tiverton Asset Management LLC acquired a new position in Extended Stay America during the second quarter worth $319,000. Finally, James Investment Research Inc. raised its stake in Extended Stay America by 34.0% during the second quarter. James Investment Research Inc. now owns 14,973 shares of the company’s stock worth $324,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

Shares of STAY stock opened at $17.94 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.16 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.96. Extended Stay America has a 52 week low of $16.27 and a 52 week high of $22.58.

Extended Stay America (NYSE:STAY) last announced its earnings results on Wednesday, July 25th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $336.50 million for the quarter, compared to analysts’ expectations of $336.68 million. Extended Stay America had a return on equity of 15.18% and a net margin of 5.47%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, equities analysts predict that Extended Stay America will post 1.15 EPS for the current year.

Several research analysts have issued reports on STAY shares. Zacks Investment Research lowered Extended Stay America from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. JPMorgan Chase & Co. increased their target price on Extended Stay America from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $22.50 target price on shares of Extended Stay America in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.95.

In other news, Director Richard F. Wallman sold 15,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $21.49, for a total transaction of $322,350.00. Following the sale, the director now owns 110,798 shares in the company, valued at $2,381,049.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian T. Nicholson bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average price of $21.19 per share, for a total transaction of $211,900.00. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Extended Stay America 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.

Featured Article: What is dollar cost averaging (DCA)?

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.