Noteworthy Short Interest Filing: A Reversal for Extended Stay America Incorporated (NYSE:STAY) Is Not Near. The Stock Has Rise in Shorts

November 16, 2016 - By Adrian Mccoy   ·   0 Comments

Noteworthy Short Interest Filing: A Reversal for Extended Stay America Incorporated (NYSE:STAY) Is Not Near. The Stock Has Rise in Shorts

The stock of Extended Stay America Incorporated (NYSE:STAY) registered an increase of 5.55% in short interest. STAY’s total short interest was 5.50 million shares in November as published by FINRA. Its up 5.55% from 5.21 million shares, reported previously. With 363,300 shares average volume, it will take short sellers 15 days to cover their STAY’s short positions. The short interest to Extended Stay America Incorporated’s float is 7.87%. About 337,897 shares traded hands. Extended Stay America Inc (NYSE:STAY) has declined 5.74% since April 14, 2016 and is downtrending. It has underperformed by 10.43% the S&P500.

Extended Stay America, Inc. is an integrated owner/operator of company-branded hotels in North America. The company has a market cap of $2.97 billion. The Firm operates in hotel activities segment. It has a 25.38 P/E ratio. The Company’s business operates in the extended stay lodging industry.

Insitutional Activity: The institutional sentiment increased to 1.66 in Q2 2016. Its up 0.42, from 1.24 in 2016Q1. The ratio is positive, 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.
Barclays Public Ltd Co holds 0% of its portfolio in Extended Stay America Inc (NYSE:STAY) for 9,263 shares. Credit Agricole S A accumulated 0% or 17,300 shares. Omers Administration Corporation has 77,900 shares for 0.02% of their US portfolio. Swiss Bank holds 0% or 135,386 shares in its portfolio. Walleye Trading Llc holds 6,882 shares or 0% of its portfolio. The Ontario – Canada-based Bancshares Of Montreal Can has invested 0% in Extended Stay America Inc (NYSE:STAY). Blackrock Inc holds 174,314 shares or 0% of its portfolio. The Texas-based Hbk Investments L P has invested 0% in Extended Stay America Inc (NYSE:STAY). Blackrock Advisors Ltd Co holds 42,631 shares or 0% of its portfolio. Credit Suisse Ag has invested 0% of its portfolio in Extended Stay America Inc (NYSE:STAY). Scopus Asset Limited Partnership reported 350,000 shares or 0.07% of all its holdings. Chicago Equity Prtnrs Ltd reported 10,120 shares or 0% of all its holdings. Centerbridge L P last reported 30.56% of its portfolio in the stock. Citigroup Inc, a New York-based fund reported 31,113 shares. Ci Global Investments reported 8.05M shares or 3.3% of all its holdings.

Insider Transactions: Since October 4, 2016, the stock had 1 buying transaction, and 3 selling transactions for $211.55 million net activity. 4.98M Extended Stay America Inc (NYSE:STAY) shares with value of $70.56M were sold by PAULSON & CO. INC.. The insider Halkyard Jonathan S bought $138,300. 4.98M shares with value of $70.56M were sold by Blackstone Real Estate Associates VI-ESH L.P. on Tuesday, October 4. 4.98M Extended Stay America Inc (NYSE:STAY) shares with value of $70.56M were sold by Blackstone Real Estate Partners VI.A-ESH L.P..

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. Goldman Sachs initiated the shares of STAY in a report on Monday, September 26 with “Neutral” rating. The firm has “Outperform” rating given on Monday, August 3 by Robert W. Baird. The company was downgraded on Tuesday, July 21 by Bank of America. The stock has “Buy” rating given by Deutsche Bank on Wednesday, October 28. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. The firm has “Neutral” rating by M Partners given on Thursday, January 14. Citigroup maintained Extended Stay America Inc (NYSE:STAY) on Wednesday, August 17 with “Neutral” rating.

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.

More important recent Extended Stay America Inc (NYSE:STAY) news were published by: Prnewswire.com which released: “Extended Stay America Honored At American Cancer Society Charlotte Cattle …” on November 15, 2016, also Prnewswire.com published article titled: “Extended Stay America Announces Resignation Of Chief Marketing Officer”, Nasdaq.com published: “Extended Stay America, Inc. (STAY) Ex-Dividend Date Scheduled for November 04 …” on November 03, 2016. More interesting news about Extended Stay America Inc (NYSE:STAY) was released by: Businesswire.com and their article: “Extended Stay America, Inc. Announces Launch of New Credit Facilities” with publication date: August 05, 2016.

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By Adrian Mccoy


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