Trading Report: Today, 4,983,333 Shares of Stock are sold by Insider Selling: Extended Stay America Inc. (STAY) Major Shareholder

Today, 4,983,333 Shares of Stock are sold by Insider Selling: Extended Stay America Inc. (STAY) Major Shareholder

Extended Stay America Inc. (NYSE:STAY) major shareholder Paulson & Co. Inc. sold 4,983,333 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $14.16, for a total transaction of $70,563,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Extended Stay America Inc. (NYSE:STAY) opened at 13.84 on Friday. The stock’s 50 day moving average is $14.33 and its 200 day moving average is $14.82. The company has a market capitalization of $2.78 billion, a PE ratio of 25.54 and a beta of 0.95. Extended Stay America Inc. has a one year low of $10.56 and a one year high of $19.86.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Extended Stay America had a net margin of 8.71% and a return on equity of 12.83%. The business had revenue of $332.80 million for the quarter, compared to analysts’ expectations of $337.47 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts anticipate that Extended Stay America Inc. will post $0.92 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank purchased a new position in Extended Stay America during the second quarter valued at $111,000. Fuller & Thaler Asset Management Inc. boosted its position in Extended Stay America by 722.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 8,310 shares of the company’s stock valued at $124,000 after buying an additional 7,300 shares during the period. Barclays PLC boosted its position in Extended Stay America by 2,175.9% in the second quarter. Barclays PLC now owns 9,263 shares of the company’s stock valued at $139,000 after buying an additional 8,856 shares during the period. Chicago Equity Partners LLC purchased a new position in Extended Stay America during the second quarter valued at $151,000. Finally, Acrospire Investment Management LLC purchased a new position in Extended Stay America during the first quarter valued at $163,000. Institutional investors and hedge funds own 99.47% of the company’s stock.

Several research analysts have weighed in on the stock. Bank of America Corp. reissued a “neutral” rating on shares of Extended Stay America in a report on Monday, July 18th. Zacks Investment Research cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Saturday, July 16th. Goldman Sachs Group Inc. assumed coverage on shares of Extended Stay America in a report on Monday, September 26th. They issued a “neutral” rating and a $14.00 price target on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Extended Stay America in a report on Sunday, June 26th. Finally, Barclays PLC reissued an “overweight” rating and issued a $19.00 price target on shares of Extended Stay America in a report on Friday, September 30th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.67.

Extended Stay America Company Profile

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