TravelCenters of America LLC (TA) Trading 3.3% Higher

TravelCenters of America LLC (NYSE:TA) traded up 3.3% during mid-day trading on Tuesday . The stock traded as high as $3.85 and last traded at $3.88. 693,621 shares were traded during trading, an increase of 208% from the average session volume of 225,010 shares. The stock had previously closed at $3.75.

Several equities research analysts have recently issued reports on the stock. FBR & Co reissued a “buy” rating and set a $10.00 target price (up from $9.00) on shares of TravelCenters of America in a research note on Tuesday. Zacks Investment Research lowered shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. TheStreet lowered shares of TravelCenters of America from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. ValuEngine lowered shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $5.50 target price (down from $7.50) on shares of TravelCenters of America in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.75.

The stock’s market cap is $153.28 million. The stock has a 50 day moving average of $3.53 and a 200-day moving average of $4.65.

TravelCenters of America (NYSE:TA) last issued its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that TravelCenters of America LLC will post ($0.69) earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Boston Partners increased its stake in shares of TravelCenters of America by 0.5% during the second quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock worth $1,659,000 after acquiring an additional 2,047 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of TravelCenters of America by 18.0% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 2,500 shares during the period. Falcon Point Capital LLC increased its stake in shares of TravelCenters of America by 1.8% during the second quarter. Falcon Point Capital LLC now owns 217,636 shares of the specialty retailer’s stock worth $892,000 after acquiring an additional 3,932 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of TravelCenters of America by 6.8% during the first quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock worth $486,000 after acquiring an additional 5,100 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of TravelCenters of America by 7.7% during the first quarter. Citadel Advisors LLC now owns 111,041 shares of the specialty retailer’s stock worth $677,000 after acquiring an additional 7,961 shares during the period.

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TravelCenters of America Company Profile

TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers 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 (QSRs), travel/convenience stores and various customer amenities.

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