TravelCenters of America (TA) Shares Down 5.1%

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TravelCenters of America LLC (NASDAQ:TA) shares traded down 5.1% during mid-day trading on Thursday . The stock traded as low as $5.50 and last traded at $5.60. 595,225 shares traded hands during mid-day trading, an increase of 154% from the average session volume of 234,166 shares. The stock had previously closed at $5.90.

Several research analysts recently weighed in on TA shares. Zacks Investment Research cut TravelCenters of America from a “hold” rating to a “strong sell” rating in a research note on Saturday. B. Riley raised their target price on TravelCenters of America to $10.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Craig Hallum started coverage on TravelCenters of America in a research note on Monday, July 16th. They set a “buy” rating and a $6.50 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. TravelCenters of America has an average rating of “Hold” and a consensus price target of $7.80.

The company has a market cap of $222.72 million, a price-to-earnings ratio of -18.67 and a beta of 1.58. The company has a quick ratio of 0.67, a current ratio of 1.22 and a debt-to-equity ratio of 1.29.

TravelCenters of America (NASDAQ:TA) last announced its earnings results on Monday, August 6th. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.26). TravelCenters of America had a negative net margin of 0.04% and a negative return on equity of 6.19%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business earned ($0.08) EPS. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. sell-side analysts predict that TravelCenters of America LLC will post -0.64 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC boosted its position in shares of TravelCenters of America by 300.4% in the 2nd quarter. Citadel Advisors LLC now owns 30,349 shares of the specialty retailer’s stock valued at $106,000 after purchasing an additional 22,770 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of TravelCenters of America by 48.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,706 shares of the specialty retailer’s stock valued at $132,000 after purchasing an additional 12,290 shares during the period. Wells Fargo & Company MN boosted its position in shares of TravelCenters of America by 57.0% in the 4th quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock valued at $166,000 after purchasing an additional 14,708 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in shares of TravelCenters of America in the 2nd quarter valued at $193,000. Finally, Ancora Advisors LLC boosted its position in shares of TravelCenters of America by 64.0% in the 1st quarter. Ancora Advisors LLC now owns 61,624 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 24,048 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

TravelCenters of America Company Profile (NASDAQ:TA)

TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSR), and various customer amenities.

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