Capital Fund Management S.A. Has $7.61 Million Holdings in Extended Stay America Inc (STAY)

Capital Fund Management S.A. raised its holdings in Extended Stay America Inc (NYSE:STAY) by 498.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 400,533 shares of the company’s stock after acquiring an additional 333,633 shares during the period. Capital Fund Management S.A. owned 0.21% of Extended Stay America worth $7,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of STAY. Burgundy Asset Management Ltd. increased its holdings in shares of Extended Stay America by 7.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,236,716 shares of the company’s stock worth $23,943,000 after buying an additional 87,071 shares during the last quarter. Gluskin Sheff & Assoc Inc. increased its holdings in shares of Extended Stay America by 3.6% during the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 1,491,315 shares of the company’s stock worth $29,826,000 after buying an additional 51,412 shares during the last quarter. Keeley Teton Advisors LLC increased its holdings in shares of Extended Stay America by 136.6% during the 3rd quarter. Keeley Teton Advisors LLC now owns 81,995 shares of the company’s stock worth $1,640,000 after buying an additional 47,340 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in shares of Extended Stay America by 1.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 465,446 shares of the company’s stock worth $9,309,000 after buying an additional 6,094 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Extended Stay America by 68.1% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 67,900 shares of the company’s stock worth $1,358,000 after buying an additional 27,500 shares during the last quarter. Institutional investors own 95.89% of the company’s stock.

Shares of Extended Stay America Inc (STAY) opened at $19.60 on Friday. 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 12-month low of $15.63 and a 12-month high of $21.28. The firm has a market cap of $3,787.28, a price-to-earnings ratio of 50.26, a P/E/G ratio of 6.73 and a beta of 1.00.

A number of analysts have recently commented on STAY shares. BidaskClub downgraded Extended Stay America from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, October 26th. ValuEngine downgraded Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Stifel Nicolaus dropped their price objective on Extended Stay America from $21.00 to $19.25 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Morgan Stanley decreased their price target on shares of Extended Stay America from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $21.06.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Week Herald and is the property of of Week Herald. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://weekherald.com/2018/02/17/capital-fund-management-s-a-has-7-61-million-holdings-in-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.

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.

Leave a Reply