Ci Global Investments INC Decreased Extended Stay Amer INC (STAY) Stake by $41.50 Million

December 8, 2017 - By Marie Mckinney

Investors sentiment increased to 2.26 in Q2 2017. Its up 0.40, from 1.86 in 2017Q1. It increased, as 24 investors sold STAY shares while 42 reduced holdings. 54 funds opened positions while 95 raised stakes. 181.67 million shares or 1.84% more from 178.39 million shares in 2017Q1 were reported. 110,035 are held by Atlantic Tru Grp Ltd Llc. Raymond James Trust Na stated it has 0.04% of its portfolio in Extended Stay America, Inc. (NYSE:STAY). Ngam Advsr Limited Partnership owns 376,890 shares for 0.08% of their portfolio. Balyasny Asset reported 0.03% stake. Public Employees Retirement Sys Of Ohio has 0.01% invested in Extended Stay America, Inc. (NYSE:STAY) for 79,515 shares. Hamlin Capital Mngmt Ltd Liability Com owns 5.27 million shares. 9,164 are owned by Envestnet Asset Inc. Ameriprise owns 4.82M shares. Moreover, Barclays Public Limited Co has 0% invested in Extended Stay America, Inc. (NYSE:STAY). Comerica Fincl Bank owns 1.16 million shares. Thompson Davis Company Inc has 0.05% invested in Extended Stay America, Inc. (NYSE:STAY). First Mercantile Trust invested 0.1% of its portfolio in Extended Stay America, Inc. (NYSE:STAY). Swiss Bank & Trust holds 321,086 shares or 0.01% of its portfolio. Macquarie Group Ltd owns 322,552 shares or 0.01% of their US portfolio. Chesley Taft & Limited Liability Company owns 52,950 shares for 0.09% of their portfolio.

Ci Global Investments Inc decreased its stake in Extended Stay Amer Inc (STAY) by 25.37% based on its latest 2017Q2 regulatory filing with the SEC. Ci Global Investments Inc sold 2.18M shares as the company’s stock rose 2.18% with the market. The institutional investor held 6.43M shares of the consumer services company at the end of 2017Q2, valued at $124.40M, down from 8.61 million at the end of the previous reported quarter. Ci Global Investments Inc who had been investing in Extended Stay Amer Inc for a number of months, seems to be less bullish one the $3.25B market cap company. The stock decreased 1.80% or $0.31 during the last trading session, reaching $16.92. About 2.80 million shares traded or 25.78% up from the average. Extended Stay America, Inc. (NYSE:STAY) has risen 30.00% since December 8, 2016 and is uptrending. It has outperformed by 13.30% the S&P500.

Ci Global Investments Inc, which manages about $9.58 billion and $5.28 billion US Long portfolio, upped its stake in Canadian Nat Res Ltd (NYSE:CNQ) by 197,575 shares to 657,975 shares, valued at $18.98M in 2017Q2, according to the filing. It also increased its holding in Praxair Inc (NYSE:PX) by 1.13 million shares in the quarter, for a total of 1.93 million shares, and has risen its stake in Kinder Morgan Inc Del (NYSE:KMI).

More important recent Extended Stay America, Inc. (NYSE:STAY) news were published by: Prnewswire.com which released: “Reindeer Stay Free At Extended Stay America Hotels This Holiday Season, And So …” on November 27, 2017, also Nasdaq.com published article titled: “Ex-Dividend Reminder: Janus Henderson Group, Brunswick and Extended Stay America”, Benzinga.com published: “Morgan Stanley Analyzes The Lodging Sector’s M&A Potential” on December 08, 2017. More interesting news about Extended Stay America, Inc. (NYSE:STAY) was released by: Seekingalpha.com and their article: “Extended Stay America Offers Value After Near 20% Drop” with publication date: December 06, 2017.

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

Among 11 analysts covering Extended Stay America (NYSE:STAY), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Extended Stay America had 25 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 8 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, November 8 by Nomura. The company was maintained on Wednesday, September 6 by Robert W. Baird. The firm has “Outperform” rating by Robert W. Baird given on Monday, August 3. The company was downgraded on Thursday, January 14 by M Partners. The firm earned “Buy” rating on Wednesday, April 12 by Stifel Nicolaus. Stifel Nicolaus maintained Extended Stay America, Inc. (NYSE:STAY) on Tuesday, August 1 with “Buy” rating. On Thursday, December 15 the stock rating was upgraded by Bank of America to “Buy”. The firm earned “Buy” rating on Wednesday, October 28 by Deutsche Bank. Citigroup maintained Extended Stay America, Inc. (NYSE:STAY) rating on Wednesday, August 17. Citigroup has “Neutral” rating and $15 target.

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