Extended Stay America (STAY) Holdings Trimmed by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management lessened its holdings in Extended Stay America (NYSE:STAY) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 691,089 shares of the company’s stock after selling 139,232 shares during the quarter. Extended Stay America accounts for approximately 1.4% of Mesirow Financial Investment Management Equity Management’s holdings, making the stock its 20th largest holding. Mesirow Financial Investment Management Equity Management owned 0.37% of Extended Stay America worth $10,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Northern Trust Corp boosted 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 valued at $19,638,000 after purchasing an additional 9,395 shares during the period. Iberiabank Corp bought a new stake in Extended Stay America in the 3rd quarter valued at about $251,000. Deprince Race & Zollo Inc. bought a new stake in Extended Stay America in the 3rd quarter valued at about $31,942,000. First Hawaiian Bank bought a new stake in Extended Stay America in the 3rd quarter valued at about $813,000. Finally, Peregrine Capital Management LLC boosted 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 valued at $44,315,000 after purchasing an additional 203,003 shares during the period. 96.67% of the stock is owned by institutional investors and hedge funds.

Shares of Extended Stay America stock opened at $16.91 on Monday. Extended Stay America has a 1-year low of $14.77 and a 1-year high of $22.58.

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

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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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