Extended Stay America (STAY) Holdings Reduced by Howe & Rusling Inc.

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Howe & Rusling Inc. lowered its position in Extended Stay America (NYSE:STAY) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,270 shares of the company’s stock after selling 2,428 shares during the quarter. Howe & Rusling Inc.’s holdings in Extended Stay America were worth $190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of STAY. Northern Trust Corp lifted its holdings in Extended Stay America by 1.0% in the 2nd quarter. Northern Trust Corp now owns 908,732 shares of the company’s stock worth $19,638,000 after buying an additional 9,395 shares in the last quarter. Iberiabank Corp acquired a new position in Extended Stay America in the 3rd quarter worth $251,000. Deprince Race & Zollo Inc. acquired a new position in Extended Stay America in the 3rd quarter worth $31,942,000. First Hawaiian Bank acquired a new position in Extended Stay America in the 3rd quarter worth $813,000. Finally, Peregrine Capital Management LLC lifted its holdings in Extended Stay America by 10.2% in the 3rd quarter. Peregrine Capital Management LLC now owns 2,190,538 shares of the company’s stock worth $44,315,000 after buying an additional 203,003 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

STAY has been the topic of a number of recent analyst reports. Zacks Investment Research restated a “hold” rating on shares of Extended Stay America in a research note on Friday, November 16th. JPMorgan Chase & Co. cut their target price on shares of Extended Stay America from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Bank of America upped their target price on shares of Extended Stay America from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Finally, Morgan Stanley set a $21.00 target price on shares of Extended Stay America and gave the company a “buy” rating in a research note on Thursday, December 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Extended Stay America has a consensus rating of “Buy” and a consensus price target of $22.31.

Shares of Extended Stay America stock opened at $16.90 on Friday. Extended Stay America has a 1 year low of $14.77 and a 1 year high of $22.58.

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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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