Perkins Coie Trust Company Position In Metlife (MET) Was Has Boosted; Extended Stay Amer (STAY) Holder Hamlin Capital Management Decreased Stake as Stock Price Rose

January 14, 2018 - By Vivian Park

Hamlin Capital Management Llc decreased its stake in Extended Stay Amer Inc (STAY) by 0.71% based on its latest 2017Q3 regulatory filing with the SEC. Hamlin Capital Management Llc sold 37,312 shares as the company’s stock rose 2.18% with the market. The institutional investor held 5.24 million shares of the consumer services company at the end of 2017Q3, valued at $104.72M, down from 5.27M at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Extended Stay Amer Inc for a number of months, seems to be less bullish one the $3.96B market cap company. The stock increased 0.54% or $0.11 during the last trading session, reaching $20.61. About 1.38M shares traded. Extended Stay America, Inc. (NYSE:STAY) has risen 30.00% since January 14, 2017 and is uptrending. It has outperformed by 13.30% the S&P500.

Perkins Coie Trust Company increased its stake in Metlife Inc (MET) by 21.68% based on its latest 2017Q3 regulatory filing with the SEC. Perkins Coie Trust Company bought 7,397 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 41,516 shares of the finance company at the end of 2017Q3, valued at $2.16 million, up from 34,119 at the end of the previous reported quarter. Perkins Coie Trust Company who had been investing in Metlife Inc for a number of months, seems to be bullish on the $56.12B market cap company. The stock decreased 0.30% or $0.16 during the last trading session, reaching $53.33. About 5.48M shares traded or 27.99% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 14, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Hamlin Capital Management Llc, which manages about $2.70 billion and $2.47B US Long portfolio, upped its stake in Royal Dutch Shell Plc by 218,943 shares to 1.86M shares, valued at $116.54M in 2017Q3, according to the filing. It also increased its holding in Ryman Hospitality Pptys Inc (NYSE:RHP) by 6,232 shares in the quarter, for a total of 649,935 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Investors sentiment decreased to 1.4 in Q3 2017. Its down 0.86, from 2.26 in 2017Q2. It is negative, as 20 investors sold STAY shares while 66 reduced holdings. 35 funds opened positions while 85 raised stakes. 182.36 million shares or 0.38% more from 181.67 million shares in 2017Q2 were reported. Burgundy Asset Mngmt Ltd accumulated 2.52M shares. Putnam Investments Limited Liability Company owns 0% invested in Extended Stay America, Inc. (NYSE:STAY) for 41,279 shares. Great West Life Assurance Can holds 23,924 shares. Wealthtrust invested in 0.01% or 887 shares. Point72 Asset Mgmt Lp holds 0.04% in Extended Stay America, Inc. (NYSE:STAY) or 422,574 shares. Oppenheimer Asset Mngmt stated it has 96 shares or 0% of all its holdings. Envestnet Asset Mgmt holds 0% or 8,644 shares in its portfolio. Axa has invested 0.02% in Extended Stay America, Inc. (NYSE:STAY). Natl Bank Of America Corp De owns 1.46 million shares. Cubist Systematic Strategies Lc has 8,730 shares for 0.01% of their portfolio. Comerica Bancorporation holds 921,741 shares or 0.13% of its portfolio. Sg Americas Securities Ltd has 0% invested in Extended Stay America, Inc. (NYSE:STAY) for 9,278 shares. Franklin Street Inc Nc holds 284,835 shares. Balyasny Asset Ltd Co has invested 0.07% in Extended Stay America, Inc. (NYSE:STAY). First Quadrant LP Ca accumulated 1.27M shares.

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 29 analyst reports since August 3, 2015 according to SRatingsIntel. M Partners downgraded Extended Stay America, Inc. (NYSE:STAY) on Thursday, January 14 to “Neutral” rating. The company was downgraded on Tuesday, July 21 by Bank of America. As per Wednesday, April 12, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, September 6. The rating was initiated by Goldman Sachs with “Neutral” on Monday, September 26. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, June 29 report. On Wednesday, October 28 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Buy” rating on Monday, January 8 by Robert W. Baird. J.P. Morgan upgraded Extended Stay America, Inc. (NYSE:STAY) on Wednesday, December 13 to “Buy” rating. The firm earned “Overweight” rating on Wednesday, December 13 by JP Morgan.

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