Investors Buy Large Volume of Extended Stay America Call Options (STAY)

Extended Stay America Inc (NYSE:STAY) saw some unusual options trading activity on Wednesday. Stock traders acquired 1,722 call options on the stock. This represents an increase of approximately 816% compared to the average daily volume of 188 call options.

Shares of Extended Stay America (STAY) opened at $20.49 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.94. The company has a market cap of $4,002.70, a price-to-earnings ratio of 52.54, a PEG ratio of 7.11 and a beta of 0.97. Extended Stay America has a 1 year low of $15.63 and a 1 year high of $21.28.

Extended Stay America (NYSE:STAY) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $350.86 million during the quarter, compared to the consensus estimate of $359.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. research analysts forecast that Extended Stay America will post 0.98 EPS for the current year.

Several research analysts have recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and issued a $21.00 price target on shares of Extended Stay America in a report on Thursday, October 12th. Zacks Investment Research cut shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $19.50 price target (up previously from $19.25) on shares of Extended Stay America in a report on Tuesday, December 19th. Morgan Stanley reduced their price target on shares of Extended Stay America from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Finally, BidaskClub lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.17.

Hedge funds have recently made changes to their positions in the company. Cable Hill Partners LLC bought a new stake in shares of Extended Stay America in the third quarter worth $104,000. Howe & Rusling Inc. bought a new stake in shares of Extended Stay America in the fourth quarter worth $116,000. The Manufacturers Life Insurance Company lifted its position in shares of Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after purchasing an additional 367 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Extended Stay America by 108.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock worth $141,000 after purchasing an additional 3,678 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Extended Stay America by 1,359.4% in the fourth quarter. CENTRAL TRUST Co now owns 8,304 shares of the company’s stock worth $158,000 after purchasing an additional 7,735 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

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Extended Stay America Company 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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