Schwab Charles Investment Management Inc. Grows Holdings in Extended Stay America Inc (STAY)

Schwab Charles Investment Management Inc. increased its position in Extended Stay America Inc (NYSE:STAY) by 32.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,645,926 shares of the company’s stock after purchasing an additional 403,042 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.86% of Extended Stay America worth $31,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in STAY. Alliancebernstein L.P. boosted its stake in shares of Extended Stay America by 225.9% in the second quarter. Alliancebernstein L.P. now owns 89,345 shares of the company’s stock valued at $1,730,000 after purchasing an additional 61,930 shares during the period. Northern Trust Corp boosted its stake in shares of Extended Stay America by 77.8% in the second quarter. Northern Trust Corp now owns 854,958 shares of the company’s stock valued at $16,552,000 after purchasing an additional 374,173 shares during the period. California Public Employees Retirement System boosted its stake in shares of Extended Stay America by 861.9% in the second quarter. California Public Employees Retirement System now owns 186,600 shares of the company’s stock valued at $3,613,000 after purchasing an additional 167,200 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Extended Stay America by 76.6% in the second quarter. Parametric Portfolio Associates LLC now owns 193,729 shares of the company’s stock valued at $3,751,000 after purchasing an additional 84,026 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Extended Stay America by 128.6% in the second quarter. Dimensional Fund Advisors LP now owns 730,492 shares of the company’s stock valued at $14,142,000 after purchasing an additional 410,903 shares during the period. Institutional investors and hedge funds own 95.89% of the company’s stock.

Several analysts recently issued reports on STAY shares. Zacks Investment Research cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.50 price target on shares of Extended Stay America in a report on Tuesday, January 9th. Bank of America cut their price target on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Deutsche Bank cut their price target on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Extended Stay America has an average rating of “Buy” and a consensus target price of $21.17.

Shares of Extended Stay America Inc (STAY) opened at $19.05 on Tuesday. The stock has a market cap of $3,644.95, a price-to-earnings ratio of 48.85, a P/E/G ratio of 6.48 and a beta of 1.00. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.94. Extended Stay America Inc has a twelve month low of $15.63 and a twelve month high of $21.28.

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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.

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

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