Corsair Capital Management LP Holding in Extended Stay Amer INC (STAY) Has Decreased by $3.34 Million

October 13, 2018 - By Winifred Garcia

Extended Stay America, Inc. (NASDAQ:STAY) LogoInvestors sentiment decreased to 0.99 in Q2 2018. Its down 0.18, from 1.17 in 2018Q1. It fall, as 23 investors sold STAY shares while 90 reduced holdings. 38 funds opened positions while 74 raised stakes. 173.74 million shares or 3.76% less from 180.53 million shares in 2018Q1 were reported. 119,979 are held by Capital One National Association. Canada Pension Plan Board holds 0.04% or 944,100 shares. Services Automobile Association holds 0% of its portfolio in Extended Stay America, Inc. (NASDAQ:STAY) for 30,077 shares. Comerica Bank & Trust stated it has 824,265 shares. Metropolitan Life New York reported 0% stake. Bw Gestao De Investimentos Ltda holds 0.27% of its portfolio in Extended Stay America, Inc. (NASDAQ:STAY) for 55,917 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation has 0.01% invested in Extended Stay America, Inc. (NASDAQ:STAY) for 75,600 shares. Huntington Savings Bank holds 7,396 shares or 0% of its portfolio. Advisory Networks Ltd Liability Corp reported 0% in Extended Stay America, Inc. (NASDAQ:STAY). 2.61M were reported by Raymond James And Associate. Balyasny Asset Management Llc holds 0% or 49,523 shares in its portfolio. Great West Life Assurance Can holds 0% of its portfolio in Extended Stay America, Inc. (NASDAQ:STAY) for 21,411 shares. Stifel Finance Corporation reported 50,213 shares. Earnest Ptnrs Lc reported 105 shares or 0% of all its holdings. 190,027 were reported by Thompson.

Corsair Capital Management Lp decreased its stake in Extended Stay Amer Inc (STAY) by 22.07% based on its latest 2018Q2 regulatory filing with the SEC. Corsair Capital Management Lp sold 159,187 shares as the company’s stock declined 6.23% while stock markets rallied. The hedge fund held 562,085 shares of the consumer services company at the end of 2018Q2, valued at $12.15M, down from 721,272 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 less bullish one the $3.47 billion market cap company. The stock decreased 0.92% or $0.17 during the last trading session, reaching $18.36. About 1.41 million shares traded. Extended Stay America, Inc. (NYSE:STAY) has risen 0.71% since October 13, 2017 and is uptrending. It has underperformed by 14.91% the S&P500.

Another recent and important Extended Stay America, Inc. (NASDAQ:STAY) news was published by which published an article titled: “Extended Stay America Announces Dates for Third Quarter Earnings Release and Conference Call” on October 09, 2018.

Extended Stay America, Inc. (NASDAQ:STAY) Ratings Coverage

Among 5 analysts covering Extended Stay America (NYSE:STAY), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Extended Stay America had 6 analyst reports since April 19, 2018 according to SRatingsIntel. On Thursday, May 31 the stock rating was upgraded by Morgan Stanley to “Overweight”. As per Friday, July 27, the company rating was maintained by JP Morgan. Morgan Stanley maintained it with “Equal-Weight” rating and $21 target in Monday, April 30 report. The stock has “Hold” rating by Susquehanna on Monday, April 23. As per Thursday, April 19, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by Jefferies given on Thursday, May 31.

Extended Stay America, Inc. (NASDAQ:STAY) Institutional Positions Chart

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