Extended Stay Amer INC (STAY) Holding Has Boosted by Corsair Capital Management Lp

May 17, 2018 - By Cecil Scoggins

Extended Stay America, Inc. Paired Shares (NYSE:STAY) LogoInvestors sentiment increased to 1.55 in 2017 Q4. Its up 0.15, from 1.4 in 2017Q3. It improved, as 30 investors sold STAY shares while 58 reduced holdings. 41 funds opened positions while 95 raised stakes. 176.99 million shares or 2.95% less from 182.36 million shares in 2017Q3 were reported. France-based Fund Mgmt Sa has invested 0.04% in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Comerica Securities Inc, Michigan-based fund reported 146,957 shares. Thompson Invest Management, a Wisconsin-based fund reported 200,737 shares. Regions Fincl, a Alabama-based fund reported 4,062 shares. State Of Wisconsin Inv Board invested in 0.03% or 530,851 shares. Huntington Financial Bank holds 0% in Extended Stay America, Inc. Paired Shares (NYSE:STAY) or 7,396 shares. 70 were accumulated by Brown Brothers Harriman. Fifth Third Commercial Bank stated it has 186 shares. Federated Pa reported 0% in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Amg Funds Ltd Liability Com has invested 1.07% in Extended Stay America, Inc. Paired Shares (NYSE:STAY). Aqr holds 2.24 million shares or 0.04% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 106,691 shares in its portfolio. Three Peaks Mngmt Limited Liability Corporation holds 667,676 shares or 1.89% of its portfolio. Wells Fargo & Mn holds 0% or 229,443 shares in its portfolio. Fmr Ltd Liability holds 0.01% or 3.57M shares in its portfolio.

Since March 8, 2018, it had 0 buys, and 1 sale for $192,306 activity.

Jay Petschek increased its stake in Extended Stay Amer Inc (STAY) by 145.41% based on its latest 2017Q4 regulatory filing with the SEC. Corsair Capital Management Lp bought 455,217 shares as the company’s stock rose 5.09% while stock markets declined. The hedge fund run by Jay Petschek held 768,272 shares of the consumer services company at the end of 2017Q4, valued at $14.60M, up from 313,055 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Extended Stay Amer Inc for a number of months, seems to be bullish on the $3.69 billion market cap company. The stock decreased 0.92% or $0.18 during the last trading session, reaching $19.43. About 787,877 shares traded. Extended Stay America, Inc. Paired Shares (NYSE:STAY) has risen 22.24% since May 17, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Corsair Capital Management Lp, which manages about $1.44B and $559.98 million US Long portfolio, decreased its stake in Kar Auction Svcs Inc (NYSE:KAR) by 225,419 shares to 65,403 shares, valued at $3.30 million in 2017Q4, according to the filing. It also reduced its holding in Olin Corp (NYSE:OLN) by 214,404 shares in the quarter, leaving it with 169,864 shares, and cut its stake in Mueller Wtr Prods Inc (NYSE:MWA).

More important recent Extended Stay America, Inc. Paired Shares (NYSE:STAY) news were published by: Globenewswire.com which released: “Extended Stay America Announces First Quarter 2018 Results” on April 26, 2018, also Streetinsider.com published article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)”, Streetinsider.com published: “Quick Look At Gaming and Leisure Trends – Nomura” on May 17, 2018. More interesting news about Extended Stay America, Inc. Paired Shares (NYSE:STAY) was released by: Globenewswire.com and their article: “Extended Stay America Appoints Christopher N. Dekle as General Counsel and Corporate Secretary” with publication date: May 16, 2018.

Extended Stay America, Inc. Paired Shares (NYSE:STAY) Ratings Coverage

Among 7 analysts covering Extended Stay America (NYSE:STAY), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Extended Stay America had 12 analyst reports since December 13, 2017 according to SRatingsIntel. On Wednesday, December 13 the stock rating was upgraded by J.P. Morgan to “Buy”. On Wednesday, December 13 the stock rating was upgraded by JP Morgan to “Overweight”. Stifel Nicolaus maintained it with “Buy” rating and $21.0 target in Thursday, February 1 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, April 9. The stock has “Hold” rating by Susquehanna on Monday, April 23. Robert W. Baird maintained it with “Buy” rating and $21.0 target in Monday, January 8 report. Barclays Capital maintained it with “Overweight” rating and $22 target in Wednesday, February 28 report. The firm earned “Buy” rating on Tuesday, February 27 by Stifel Nicolaus. Susquehanna maintained the stock with “Hold” rating in Tuesday, February 13 report. The stock has “Buy” rating by Robert W. Baird on Thursday, April 19.

Extended Stay America, Inc. Paired Shares (NYSE:STAY) Institutional Positions Chart

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