As Extended Stay Amer (STAY) Share Value Rose, Corsair Capital Management LP Raised Position; First Horizon Natl (FHN) Holder Forest Hill Capital Increased Stake by $1.16 Million

December 7, 2017 - By Vivian Park

Jay Petschek increased its stake in Extended Stay Amer Inc (STAY) by 7.39% based on its latest 2017Q2 regulatory filing with the SEC. Corsair Capital Management Lp bought 21,582 shares as the company’s stock rose 2.18% with the market. The hedge fund run by Jay Petschek held 313,784 shares of the consumer services company at the end of 2017Q2, valued at $6.08M, up from 292,202 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Extended Stay Amer Inc for a number of months, seems to be bullish on the $3.31 billion market cap company. The stock decreased 0.40% or $0.07 during the last trading session, reaching $17.22. About 141,647 shares traded. Extended Stay America, Inc. (NYSE:STAY) has risen 30.00% since December 7, 2016 and is uptrending. It has outperformed by 13.30% the S&P500.

Mark Lee increased its stake in First Horizon Natl Corp (FHN) by 17.51% based on its latest 2017Q2 regulatory filing with the SEC. Forest Hill Capital Llc bought 68,000 shares as the company’s stock declined 14.71% while stock markets rallied. The hedge fund run by Mark Lee held 456,300 shares of the major banks company at the end of 2017Q2, valued at $7.95M, up from 388,300 at the end of the previous reported quarter. Forest Hill Capital Llc who had been investing in First Horizon Natl Corp for a number of months, seems to be bullish on the $4.70B market cap company. The stock increased 0.30% or $0.06 during the last trading session, reaching $20.08. About 508,252 shares traded. First Horizon National Corporation (NYSE:FHN) has risen 21.88% since December 7, 2016 and is uptrending. It has outperformed by 5.18% the S&P500.




Since June 15, 2017, it had 0 insider purchases, and 1 insider sale for $91,995 activity.

Forest Hill Capital Llc, which manages about $1.05B and $333.32 million US Long portfolio, decreased its stake in Synovus Finl Corp (NYSE:SNV) by 25,000 shares to 308,112 shares, valued at $13.63 million in 2017Q2, according to the filing. It also reduced its holding in Kulicke & Soffa Inds Inc (NASDAQ:KLIC) by 36,000 shares in the quarter, leaving it with 147,641 shares, and cut its stake in Banc Of California Inc (NYSE:BANC).

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.31, from 1.35 in 2017Q1. It dived, as 26 investors sold FHN shares while 85 reduced holdings. 29 funds opened positions while 86 raised stakes. 197.17 million shares or 0.78% more from 195.63 million shares in 2017Q1 were reported. Tower Rech Cap Ltd Liability Com (Trc) reported 50 shares or 0% of all its holdings. Greenwood Capital Associates Limited Liability invested in 11,117 shares. Mason Street Advsrs Ltd Liability invested in 114,203 shares or 0.05% of the stock. New South Cap Inc invested in 0.01% or 20,217 shares. Forest Hill Cap Lc has invested 2.38% of its portfolio in First Horizon National Corporation (NYSE:FHN). 77,193 were accumulated by Airain Ltd. Shelton Mgmt has 17,814 shares. Cubist Systematic Strategies Limited Liability Corp holds 9,200 shares or 0.01% of its portfolio. Ing Groep Nv stated it has 48,440 shares. North Star Management reported 1 shares. Loews, New York-based fund reported 16,973 shares. Winfield Inc has invested 0% of its portfolio in First Horizon National Corporation (NYSE:FHN). Mutual Of America Capital Mngmt Llc holds 191,804 shares or 0.06% of its portfolio. 120,269 were accumulated by Lmr Limited Liability Partnership. Jefferies Gp Ltd Com reported 0.01% stake.

Among 18 analysts covering First Horizon National Corporation (NYSE:FHN), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. First Horizon National Corporation had 46 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Hovde Group on Tuesday, January 5. The stock has “Hold” rating by Deutsche Bank on Tuesday, January 26. The stock of First Horizon National Corporation (NYSE:FHN) earned “Hold” rating by RBC Capital Markets on Friday, July 7. The firm earned “Buy” rating on Monday, October 19 by SunTrust. As per Monday, September 26, the company rating was maintained by Deutsche Bank. Barclays Capital maintained the shares of FHN in report on Monday, July 18 with “Equalweight” rating. The firm earned “Hold” rating on Thursday, July 20 by Stephens. The rating was maintained by Keefe Bruyette & Woods on Friday, October 13 with “Buy”. The rating was maintained by Vining Sparks with “Outperform” on Wednesday, April 19. The stock of First Horizon National Corporation (NYSE:FHN) has “Buy” rating given on Tuesday, November 28 by SunTrust.

More notable recent First Horizon National Corporation (NYSE:FHN) news were published by: Globenewswire.com which released: “First Horizon National Corp. to participate in Goldman Sachs Financial …” on December 01, 2017, also Bizjournals.com with their article: “First Horizon completes $2.2 billion transaction” published on December 01, 2017, Globenewswire.com published: “R. Brad Martin retires from First Horizon board” on December 04, 2017. More interesting news about First Horizon National Corporation (NYSE:FHN) were released by: Streetinsider.com and their article: “First Horizon National (FHN) to Sell 2 Branches to Apex Bank” published on November 17, 2017 as well as Globenewswire.com‘s news article titled: “First Horizon Announces Final Capital Bank Financial Merger Consideration …” with publication date: December 07, 2017.

Corsair Capital Management Lp, which manages about $1.44 billion and $551.03M US Long portfolio, decreased its stake in Fiat Chrysler Automobiles N by 58,174 shares to 269,838 shares, valued at $2.87 million in 2017Q2, according to the filing. It also reduced its holding in Ilg Inc by 202,763 shares in the quarter, leaving it with 1.11 million shares, and cut its stake in Citigroup Inc (NYSE:C).

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 Fool.com published article titled: “Why Extended Stay America Inc Stock Tumbled Today”, Nasdaq.com published: “Extended Stay America is Now Oversold (STAY)” on November 07, 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.

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. Robert W. Baird maintained it with “Buy” rating and $21.0 target in Wednesday, September 6 report. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, January 25. Bank of America upgraded the shares of STAY in report on Thursday, December 15 to “Buy” rating. The company was maintained on Wednesday, November 8 by Morgan Stanley. The stock of Extended Stay America, Inc. (NYSE:STAY) has “Buy” rating given on Monday, December 5 by M Partners. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, April 12. On Thursday, June 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stifel Nicolaus maintained the shares of STAY in report on Tuesday, October 10 with “Buy” rating. Stifel Nicolaus maintained Extended Stay America, Inc. (NYSE:STAY) rating on Wednesday, November 8. Stifel Nicolaus has “Buy” rating and $19.25 target. The firm has “Overweight” rating given on Monday, November 13 by Barclays Capital.

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. 119,937 were reported by Tudor Et Al. 134,092 are owned by Quantitative Systematic Strategies Limited. Metropolitan Life Insurance Ny holds 0% or 8,626 shares. Cipher Limited Partnership reported 201,817 shares. Foundry Prns Limited Liability Corporation holds 0.15% or 188,216 shares in its portfolio. Wells Fargo And Mn owns 307,920 shares for 0% of their portfolio. Cadence Ltd Liability Com accumulated 36,400 shares. Cornerstone Capital Mgmt Ltd Limited Liability Company stated it has 0.12% of its portfolio in Extended Stay America, Inc. (NYSE:STAY). Smith Asset Mgmt Group Inc Ltd Partnership reported 823,820 shares. California Public Employees Retirement accumulated 186,600 shares. Manufacturers Life Insur The reported 0% of its portfolio in Extended Stay America, Inc. (NYSE:STAY). Westpac Banking Corp holds 0% or 158,600 shares in its portfolio. 1.47M were accumulated by First Quadrant Lp Ca. Ci Glob Invests accumulated 6.43 million shares or 2.36% of the stock. 79,515 were reported by Pub Employees Retirement System Of Ohio.

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