Kirr Marbach & Co. LLC IN Decreases Holdings in Extended Stay America (STAY)

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Kirr Marbach & Co. LLC IN reduced its position in shares of Extended Stay America (NYSE:STAY) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 580,322 shares of the company’s stock after selling 15,375 shares during the quarter. Extended Stay America comprises 2.6% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 18th largest holding. Kirr Marbach & Co. LLC IN owned about 0.31% of Extended Stay America worth $11,740,000 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 bought a new position in Extended Stay America during the 3rd quarter valued at $251,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Extended Stay America by 35.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,194 shares of the company’s stock valued at $307,000 after purchasing an additional 3,715 shares in the last quarter. Tiverton Asset Management LLC bought a new position in Extended Stay America during the 2nd quarter valued at $319,000. James Investment Research Inc. boosted its stake in Extended Stay America by 34.0% during the 2nd quarter. James Investment Research Inc. now owns 14,973 shares of the company’s stock valued at $324,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its stake in Extended Stay America by 51.3% during the 2nd quarter. Hilltop Holdings Inc. now owns 15,372 shares of the company’s stock valued at $333,000 after purchasing an additional 5,212 shares in the last quarter. 96.67% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on STAY shares. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, July 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $22.50 price objective on shares of Extended Stay America in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. increased their price objective on Extended Stay America from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price 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 value of $322,350.00. Following the completion of the sale, the director now owns 110,798 shares in the company, valued at $2,381,049.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ames Flynn sold 1,390 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $21.47, for a total value of $29,843.30. Following the completion of the sale, the insider now owns 55,713 shares of the company’s stock, valued at approximately $1,196,158.11. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Shares of STAY traded down $0.16 during mid-day trading on Monday, reaching $17.49. The company’s stock had a trading volume of 879,629 shares, compared to its average volume of 1,611,099. The firm has a market capitalization of $4.16 billion, a P/E ratio of 17.49, a PEG ratio of 2.54 and a beta of 0.96. Extended Stay America has a 1 year low of $16.27 and a 1 year high of $22.58. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.98.

Extended Stay America (NYSE:STAY) last released its 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. The company had revenue of $336.50 million during the quarter, compared to analyst estimates of $336.68 million. Extended Stay America had a return on equity of 15.18% and a net margin of 5.47%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, analysts expect that Extended Stay America will post 1.15 earnings per share for the current fiscal year.

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.

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

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