979 Shares in TravelCenters of America Inc. (NASDAQ:TA) Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. purchased a new position in shares of TravelCenters of America Inc. (NASDAQ:TA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 979 shares of the specialty retailer’s stock, valued at approximately $29,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in TravelCenters of America by 27.3% during the first quarter. Goldman Sachs Group Inc. now owns 700,030 shares of the specialty retailer’s stock worth $18,992,000 after purchasing an additional 150,128 shares during the last quarter. BlackRock Inc. increased its position in TravelCenters of America by 20.7% during the first quarter. BlackRock Inc. now owns 323,147 shares of the specialty retailer’s stock worth $8,767,000 after purchasing an additional 55,476 shares during the last quarter. SG Americas Securities LLC purchased a new stake in TravelCenters of America during the first quarter worth approximately $488,000. Valmark Advisers Inc. grew its stake in TravelCenters of America by 4.1% during the second quarter. Valmark Advisers Inc. now owns 24,811 shares of the specialty retailer’s stock worth $725,000 after buying an additional 977 shares during the period. Finally, Morgan Stanley grew its stake in TravelCenters of America by 53.9% during the first quarter. Morgan Stanley now owns 46,387 shares of the specialty retailer’s stock worth $1,258,000 after buying an additional 16,252 shares during the period. 55.62% of the stock is owned by hedge funds and other institutional investors.

Shares of TA stock opened at $45.08 on Friday. The company has a market capitalization of $657.27 million, a PE ratio of 24.91 and a beta of 2.22. The firm has a fifty day simple moving average of $36.60 and a 200-day simple moving average of $30.81. The company has a current ratio of 1.69, a quick ratio of 1.39 and a debt-to-equity ratio of 0.79. TravelCenters of America Inc. has a twelve month low of $17.46 and a twelve month high of $45.20.

TravelCenters of America (NASDAQ:TA) last announced its earnings results on Sunday, August 1st. The specialty retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $2.21. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.93 billion. TravelCenters of America had a net margin of 0.44% and a return on equity of 4.46%. Equities research analysts predict that TravelCenters of America Inc. will post 2.12 EPS for the current year.

TA has been the subject of several research reports. Zacks Investment Research downgraded shares of TravelCenters of America from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets upgraded shares of TravelCenters of America from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $12.00 to $14.50 in a research note on Tuesday, June 1st. B. Riley boosted their price objective on shares of TravelCenters of America from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 4th. Finally, BTIG Research boosted their price objective on shares of TravelCenters of America from $45.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, August 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $38.36.

About TravelCenters of America

TravelCenters of America Inc operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, diesel exhaust fluid, and truck repair and maintenance, and roadside services, as well as operates full service and quick service restaurants, and various customer amenities.

See Also: Conference Calls

Want to see what other hedge funds are holding TA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TravelCenters of America Inc. (NASDAQ:TA).

Institutional Ownership by Quarter for TravelCenters of America (NASDAQ:TA)

Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.