Stock On Watch: What Next for Extended Stay America Inc Stock After Today’s Big Decline?

Stock On Watch: What Next for Extended Stay America Inc Stock After Today's Big Decline?

The stock of Extended Stay America Inc (NYSE:STAY) is a huge mover today! The stock decreased 2.27% or $0.33 during the last trading session, hitting $14.2. About 4.97 million shares traded hands or 932.68% up from the average. Extended Stay America Inc (NYSE:STAY) has declined 3.92% since February 29, 2016 and is downtrending. It has underperformed by 14.35% the S&P500.
The move comes after 7 months negative chart setup for the $2.86 billion company. It was reported on Oct, 1 by Barchart.com. We have $13.49 PT which if reached, will make NYSE:STAY worth $143.00M less.

Extended Stay America Inc (NYSE:STAY) Ratings Coverage

Out of 7 analysts covering Extended Stay America (NYSE:STAY), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Extended Stay America has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Friday, July 31. As per Tuesday, July 21, the company rating was downgraded by Bank of America. Deutsche Bank maintained Extended Stay America Inc (NYSE:STAY) on Wednesday, October 28 with “Buy” rating. The stock of Extended Stay America Inc (NYSE:STAY) has “Neutral” rating given on Wednesday, August 17 by Citigroup. The firm has “Outperform” rating given on Monday, August 3 by Robert W. Baird. On Thursday, January 14 the stock rating was downgraded by M Partners to “Neutral”. The firm has “Neutral” rating given on Monday, September 26 by Goldman Sachs.

According to Zacks Investment Research, “Extended Stay America, Inc. owns and operates hotels under the core brand, Extended Stay America(R). It is the owner/operator of company-branded hotels in North America. The Company offers guest rooms, dining services, on-site laundry, local phone calls, personalized voicemail, pools, fitness centers, and pet friendly accommodations. Extended Stay America, Inc. is headquartered in Charlotte, North Carolina.”

Insitutional Activity: The institutional sentiment increased to 1.66 in 2016 Q2. Its up 0.42, from 1.24 in 2016Q1. The ratio improved, as 14 funds sold all Extended Stay America Inc shares owned while 30 reduced positions. 18 funds bought stakes while 55 increased positions. They now own 197.88 million shares or 0.07% more from 197.73 million shares in 2016Q1.
Moreover, Comerica Bank has 0.15% invested in Extended Stay America Inc (NYSE:STAY) for 1.21M shares. Art Advsr Limited Liability has 36,524 shares for 0.03% of their US portfolio. Citigroup Inc holds 31,113 shares or 0% of its portfolio. Great West Life Assurance Can owns 9,259 shares or 0% of their US portfolio. Metropolitan Life Ins Ny owns 2,641 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl Services Incorporated reported 889 shares or 0% of all its holdings. Alpine Prns Vi Ltd Limited Liability Company holds 31,508 shares or 0.22% of its portfolio. Cubist Systematic Strategies Ltd Liability Corporation accumulated 0.01% or 11,794 shares. State Board Of Administration Of Florida Retirement owns 29,389 shares or 0% of their US portfolio. Voya Inv Limited Co has 1.79 million shares for 0.07% of their US portfolio. Moreover, Chicago Equity Partners Limited Company has 0% invested in Extended Stay America Inc (NYSE:STAY) for 10,120 shares. Creative Planning last reported 1,000 shares in the company. Moreover, Macquarie Gru Ltd has 0% invested in Extended Stay America Inc (NYSE:STAY) for 126,858 shares. Ci Glob Inc holds 3.3% or 8.05 million shares in its portfolio. Jefferies Ltd Com last reported 0% of its portfolio in the stock.

More notable recent Extended Stay America Inc (NYSE:STAY) news were published by: Streetinsider.com which released: “Extended Stay America (STAY) Prices 13M Common Paired Shares Secondary …” on September 30, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Coty, Gildan Activewear and Extended Stay America” published on August 05, 2016, Businesswire.com published: “Extended Stay America, Inc. Announces Launch of New Credit Facilities” on August 05, 2016. More interesting news about Extended Stay America Inc (NYSE:STAY) were released by: Prnewswire.com and their article: “Extended Stay America Announces Resignation Of Chief Marketing Officer” published on September 08, 2016 as well as Prnewswire.com‘s news article titled: “Extended Stay America┬« Named No. 1 Midprice Extended Stay Hotel Brand In …” with publication date: September 07, 2016.

STAY Company Profile

Extended Stay America, Inc. (Extended Stay), incorporated on July 8, 2013, is an integrated owner/operator of company-branded hotels in North America. The Firm operates in hotel activities segment. The Company’s business operates in the extended stay lodging industry. The Firm owns and operates approximately 630 hotels comprising over 69,400 rooms located in approximately 40 states across the United States and in Canada. It owns and operates its hotels under its core brand, Extended Stay America, which serves the mid-price extended stay segment. In addition, the Company owns and operates over three Extended Stay Canada hotels. The Firm operates its hotels owned by ESH Hospitality, Inc. (ESH REIT). The hotels are operated by the Operating Lessees, subsidiaries of the Company and are managed by ESA Management LLC (ESA Management), a subsidiary of the Company. ESH Strategies, a subsidiary of the Company, owns the brands related to its business.

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