Falcon Point Capital LLC cut its stake in shares of TravelCenters of America LLC (NASDAQ:TA) by 44.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,857 shares of the specialty retailer’s stock after selling 150,975 shares during the quarter. Falcon Point Capital LLC owned approximately 0.48% of TravelCenters of America worth $778,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of TravelCenters of America in the 3rd quarter valued at about $126,000. Jane Street Group LLC acquired a new position in shares of TravelCenters of America in the 3rd quarter valued at about $169,000. State Street Corp lifted its stake in shares of TravelCenters of America by 29.5% in the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after purchasing an additional 9,506 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of TravelCenters of America in the 3rd quarter valued at about $225,000. Finally, Hanson & Doremus Investment Management lifted its stake in shares of TravelCenters of America by 144.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock valued at $231,000 after purchasing an additional 32,185 shares during the period. 34.18% of the stock is currently owned by hedge funds and other institutional investors.
TravelCenters of America LLC (NASDAQ TA) opened at $4.00 on Wednesday. TravelCenters of America LLC has a 52 week low of $2.95 and a 52 week high of $7.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.64.
A number of research analysts have recently issued reports on TA shares. Zacks Investment Research raised TravelCenters of America from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Saturday, November 11th. B. Riley reissued a “buy” rating and issued a $10.00 price objective on shares of TravelCenters of America in a research note on Wednesday, November 8th. TheStreet raised TravelCenters of America from a “d” rating to a “c-” rating in a research note on Thursday, November 30th. Finally, Citigroup raised TravelCenters of America from a “sell” rating to a “neutral” rating in a research note on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $7.38.
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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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