Jane Street Group LLC decreased its holdings in Extended Stay America Inc (NYSE:STAY) by 96.5% in the 4th quarter, HoldingsChannel reports. The firm owned 17,888 shares of the company’s stock after selling 497,112 shares during the period. Jane Street Group LLC’s holdings in Extended Stay America were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of STAY. Burgundy Asset Management Ltd. increased its stake in shares of Extended Stay America by 103.7% in the third quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock worth $50,396,000 after purchasing an additional 1,283,070 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Extended Stay America by 121.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,619,437 shares of the company’s stock valued at $32,389,000 after acquiring an additional 888,945 shares during the period. Engine Capital Management LLC bought a new position in shares of Extended Stay America in the fourth quarter valued at approximately $16,266,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Extended Stay America by 142.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,090,557 shares of the company’s stock valued at $20,721,000 after acquiring an additional 641,601 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Extended Stay America by 17.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 3,113,675 shares of the company’s stock valued at $59,161,000 after acquiring an additional 456,300 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.
In other Extended Stay America news, insider Kevin A. Henry sold 10,000 shares of Extended Stay America stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $19.23, for a total transaction of $192,300.00. Following the completion of the sale, the insider now directly owns 117,196 shares in the company, valued at $2,253,679.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.57% of the company’s stock.
Shares of Extended Stay America stock opened at $20.04 on Friday. Extended Stay America Inc has a 1 year low of $16.27 and a 1 year high of $21.28. The company has a market cap of $3,850.87, a price-to-earnings ratio of 20.04, a P/E/G ratio of 3.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.12 and a quick ratio of 0.12.
Extended Stay America (NYSE:STAY) last announced its earnings results on Tuesday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Extended Stay America had a net margin of 6.15% and a return on equity of 14.42%. The business had revenue of $302.50 million during the quarter, compared to analyst estimates of $299.75 million. During the same period in the previous year, the business posted $0.20 earnings per share. Extended Stay America’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts predict that Extended Stay America Inc will post 1.1 earnings per share for the current fiscal year.
Extended Stay America announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 27th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th were given a dividend of $0.21 per share. The ex-dividend date was Monday, March 12th. This represents a $0.84 annualized dividend and a yield of 4.19%. Extended Stay America’s payout ratio is presently 84.00%.
Extended Stay America Profile
Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. The Company owns and operates approximately 700 hotel properties consisting of approximately 75,900 rooms located in 44 states across the United States of America and in Canada.
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