Monarch Partners Asset Management Cut Extended Stay Amer (STAY) Holding by $3.66 Million; Rudolph Technologies (RTEC) Holder Highbridge Capital Management Upped Holding

April 23, 2018 - By Vivian Park

Extended Stay America, Inc. (NYSE:STAY) Logo

Monarch Partners Asset Management Llc decreased its stake in Extended Stay Amer Inc (STAY) by 28.46% based on its latest 2017Q4 regulatory filing with the SEC. Monarch Partners Asset Management Llc sold 192,375 shares as the company’s stock rose 5.09% while stock markets declined. The institutional investor held 483,510 shares of the consumer services company at the end of 2017Q4, valued at $9.19M, down from 675,885 at the end of the previous reported quarter. Monarch Partners Asset Management Llc who had been investing in Extended Stay Amer Inc for a number of months, seems to be less bullish one the $3.84B market cap company. The stock decreased 1.62% or $0.33 during the last trading session, reaching $20.08. About 2.48 million shares traded or 48.57% up from the average. Extended Stay America, Inc. (NYSE:STAY) has risen 22.24% since April 23, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Glenn Russell Dubin increased its stake in Rudolph Technologies Inc (RTEC) by 169.12% based on its latest 2017Q4 regulatory filing with the SEC. Highbridge Capital Management Llc bought 13,191 shares as the company’s stock rose 13.11% while stock markets declined. The hedge fund run by Glenn Russell Dubin held 20,991 shares of the capital goods company at the end of 2017Q4, valued at $502,000, up from 7,800 at the end of the previous reported quarter. Highbridge Capital Management Llc who had been investing in Rudolph Technologies Inc for a number of months, seems to be bullish on the $845.52M market cap company. The stock decreased 1.11% or $0.3 during the last trading session, reaching $26.75. About 194,920 shares traded. Rudolph Technologies, Inc. (NYSE:RTEC) has risen 23.77% since April 23, 2017 and is uptrending. It has outperformed by 12.22% the S&P500.

Since March 8, 2018, it had 0 buys, and 1 insider sale for $192,306 activity.

Investors sentiment increased to 1.55 in Q4 2017. Its up 0.15, from 1.4 in 2017Q3. It is positive, as 30 investors sold STAY shares while 58 reduced holdings. 41 funds opened positions while 95 raised stakes. 176.99 million shares or 2.95% less from 182.36 million shares in 2017Q3 were reported. Winfield Incorporated holds 90 shares or 0% of its portfolio. 200 were accumulated by Dubuque National Bank & Trust & Company. Numeric Invsts Ltd Liability Corporation has 237,400 shares. Foundry Prtn Limited Liability Co invested 0.08% of its portfolio in Extended Stay America, Inc. (NYSE:STAY). Northern reported 876,949 shares. Cipher Capital Lp has 97,909 shares. Fuller Thaler Asset Mngmt owns 6,510 shares or 0% of their US portfolio. Natixis owns 191,428 shares or 0.03% of their US portfolio. Point72 Asset Management Limited Partnership holds 0.06% or 741,700 shares. Tdam Usa Incorporated holds 59,529 shares or 0.06% of its portfolio. Metropolitan Life Communications Ny holds 10,457 shares or 0% of its portfolio. Pitcairn holds 0.03% of its portfolio in Extended Stay America, Inc. (NYSE:STAY) for 17,822 shares. Nordea Investment Management, a Sweden-based fund reported 702,362 shares. California Pub Employees Retirement System holds 0.01% of its portfolio in Extended Stay America, Inc. (NYSE:STAY) for 240,364 shares. Advisory Ser Ltd Company holds 0.01% in Extended Stay America, Inc. (NYSE:STAY) or 3,700 shares.

Monarch Partners Asset Management Llc, which manages about $275.92M and $1.07B US Long portfolio, upped its stake in Ryder Sys Inc (NYSE:R) by 5,030 shares to 188,115 shares, valued at $15.83M in 2017Q4, according to the filing. It also increased its holding in Connectone Bancorp Inc New (NASDAQ:CNOB) by 29,755 shares in the quarter, for a total of 178,890 shares, and has risen its stake in Formfactor Inc (NASDAQ:FORM).

Among 13 analysts covering Extended Stay America (NYSE:STAY), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Extended Stay America had 35 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was initiated by Goldman Sachs with “Neutral” on Monday, September 26. The company was upgraded on Monday, December 5 by M Partners. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, August 1. As per Wednesday, December 13, the company rating was upgraded by JP Morgan. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, January 25 report. The stock of Extended Stay America, Inc. (NYSE:STAY) has “Buy” rating given on Wednesday, October 28 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31. Bank of America downgraded Extended Stay America, Inc. (NYSE:STAY) on Tuesday, July 21 to “Underperform” rating. The stock of Extended Stay America, Inc. (NYSE:STAY) has “Buy” rating given on Wednesday, November 8 by Nomura. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, June 29.

Analysts await Extended Stay America, Inc. (NYSE:STAY) to report earnings on April, 26 after the close. They expect $0.17 EPS, up 13.33% or $0.02 from last year’s $0.15 per share. STAY’s profit will be $32.48M for 29.53 P/E if the $0.17 EPS becomes a reality. After $0.19 actual EPS reported by Extended Stay America, Inc. for the previous quarter, Wall Street now forecasts -10.53% negative EPS growth.

Since February 14, 2018, it had 0 insider purchases, and 4 insider sales for $833,950 activity. $468,180 worth of Rudolph Technologies, Inc. (NYSE:RTEC) was sold by ROTH STEVEN R on Tuesday, February 20. Shares for $63,250 were sold by Goodrich Michael F..

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.15, from 1.03 in 2017Q3. It fall, as 17 investors sold RTEC shares while 66 reduced holdings. 27 funds opened positions while 46 raised stakes. 28.21 million shares or 0.66% more from 28.02 million shares in 2017Q3 were reported. Moreover, Strs Ohio has 0% invested in Rudolph Technologies, Inc. (NYSE:RTEC). Public Sector Pension Board has 19,790 shares. Geode Capital Management Ltd Liability Co has 495,375 shares for 0% of their portfolio. Financial Bank Of Montreal Can holds 136,072 shares or 0% of its portfolio. Gagnon Ltd Llc holds 289,938 shares. Clarivest Asset Management Llc has 0.08% invested in Rudolph Technologies, Inc. (NYSE:RTEC). Barclays Public Ltd Liability Company reported 0% stake. Public Employees Retirement Association Of Colorado invested in 0% or 11,873 shares. Tower Research Capital Ltd Liability Corporation (Trc) has 212 shares for 0% of their portfolio. 319,900 are held by Paradigm Capital Management. Comerica Retail Bank has 0.01% invested in Rudolph Technologies, Inc. (NYSE:RTEC) for 32,329 shares. The Illinois-based Westwood Il has invested 0.07% in Rudolph Technologies, Inc. (NYSE:RTEC). Spark Mngmt Limited Com, New York-based fund reported 43,300 shares. Meeder Asset Inc owns 1,488 shares. Menta Cap Ltd Liability Company holds 0.08% of its portfolio in Rudolph Technologies, Inc. (NYSE:RTEC) for 17,685 shares.

Highbridge Capital Management Llc, which manages about $32.39B and $5.61 billion US Long portfolio, decreased its stake in Accenture Plc Ireland (Put) (NYSE:ACN) by 54,265 shares to 3,200 shares, valued at $490,000 in 2017Q4, according to the filing. It also reduced its holding in Zumiez Inc (Call) (NASDAQ:ZUMZ) by 53,794 shares in the quarter, leaving it with 12,300 shares, and cut its stake in Danaher Corp Del (NYSE:DHR).

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

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