Fir Tree INC Stake in Extended Stay Amer INC (STAY) Upped by $32.44 Million

Extended Stay America, Inc. (NASDAQ:STAY) LogoInvestors sentiment decreased to 1.07 in Q2 2019. Its down 0.14, from 1.21 in 2019Q1. It fall, as 33 investors sold STAY shares while 71 reduced holdings. 32 funds opened positions while 79 raised stakes. 174.74 million shares or 0.94% more from 173.11 million shares in 2019Q1 were reported. Boothbay Fund Lc reported 0.04% of its portfolio in Extended Stay America, Inc. (NASDAQ:STAY). New York-based Ny State Common Retirement Fund has invested 0.01% in Extended Stay America, Inc. (NASDAQ:STAY). Quantbot Techs Limited Partnership invested 0.03% of its portfolio in Extended Stay America, Inc. (NASDAQ:STAY). Sei Investments holds 811,382 shares. Keybank National Association Oh owns 16,584 shares or 0% of their US portfolio. Wells Fargo Mn holds 0.01% or 1.09 million shares in its portfolio. Engineers Gate Manager Ltd Partnership has invested 0.08% of its portfolio in Extended Stay America, Inc. (NASDAQ:STAY). Schroder Investment Mngmt Gp reported 0.08% in Extended Stay America, Inc. (NASDAQ:STAY). Invest Counselors Of Maryland Limited Liability has invested 1.2% in Extended Stay America, Inc. (NASDAQ:STAY). Franklin Resource holds 0% or 16,760 shares. State Of Wisconsin Board holds 0.03% in Extended Stay America, Inc. (NASDAQ:STAY) or 711,736 shares. Old National National Bank & Trust In owns 25,272 shares or 0.02% of their US portfolio. Becker Cap Management Incorporated accumulated 1.28M shares. Huntington Natl Bank accumulated 300 shares or 0% of the stock. Natixis Advsr LP reported 481,655 shares or 0.07% of all its holdings.

Since August 12, 2019, it had 2 buys, and 0 sales for $293,938 activity. Shares for $146,294 were bought by Halkyard Jonathan S on Monday, August 12.

Fir Tree Inc increased its stake in Extended Stay Amer Inc (STAY) by 232.64% based on its latest 2019Q2 regulatory filing with the SEC. Fir Tree Inc bought 2.03 million shares as the company’s stock declined 7.37% . The hedge fund held 2.90M shares of the consumer services company at the end of 2019Q2, valued at $48.96M, up from 871,446 at the end of the previous reported quarter. Fir Tree Inc who had been investing in Extended Stay Amer Inc for a number of months, seems to be bullish on the $2.83 billion market cap company. The stock increased 1.28% or $0.19 during the last trading session, reaching $15.02. About 3.01 million shares traded or 43.87% up from the average. Extended Stay America, Inc. (NYSE:STAY) has declined 21.02% since September 13, 2018 and is downtrending. It has underperformed by 21.02% the S&P500.

Fir Tree Inc, which manages about $18.45B and $999.27M US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 807,843 shares to 1.36M shares, valued at $95.33 million in 2019Q2, according to the filing. It also reduced its holding in Navient Corporation (NASDAQ:NAVI) by 272,861 shares in the quarter, leaving it with 770,806 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

More notable recent Extended Stay America, Inc. (NASDAQ:STAY) news were published by: Nasdaq.com which released: “Qualcomm (QCOM) Wins Stay in Antitrust Ruling Against FTC – Nasdaq” on August 26, 2019, also Nasdaq.com with their article: “U.S. trade deficit shrinks, but shortfall with China widens – Nasdaq” published on September 04, 2019, Nasdaq.com published: “U.S.-China trade war risks driving Fed policy, not Trump’s carping – Nasdaq” on September 13, 2019. More interesting news about Extended Stay America, Inc. (NASDAQ:STAY) were released by: Nasdaq.com and their article: “U.S. shale firms cut budgets, staff as oil-price outlook dims – Nasdaq” published on September 06, 2019 as well as Nasdaq.com‘s news article titled: “Public Policy Advocacy – Nasdaq” with publication date: September 13, 2019.

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

Among 4 analysts covering Extended Stay America (NYSE:STAY), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Extended Stay America has $24 highest and $1500 lowest target. $16.75’s average target is 11.52% above currents $15.02 stock price. Extended Stay America had 6 analyst reports since March 20, 2019 according to SRatingsIntel. As per Friday, August 9, the company rating was downgraded by Morgan Stanley. On Wednesday, March 20 the stock rating was maintained by Jefferies with “Buy”. The stock has “Hold” rating by Jefferies on Thursday, August 8. Barclays Capital maintained the shares of STAY in report on Monday, March 25 with “Buy” rating. JP Morgan downgraded the shares of STAY in report on Friday, September 6 to “Neutral” rating.

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

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