Falcon Point Capital LLC trimmed its holdings in shares of TravelCenters of America LLC (NASDAQ:TA) by 44.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,857 shares of the specialty retailer’s stock after selling 150,975 shares during the period. Falcon Point Capital LLC owned approximately 0.48% of TravelCenters of America worth $778,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TA. Dimensional Fund Advisors LP bought a new position in TravelCenters of America in the 2nd quarter worth $698,000. Royal Bank of Canada raised its holdings in TravelCenters of America by 32.7% during the second quarter. Royal Bank of Canada now owns 164,450 shares of the specialty retailer’s stock valued at $674,000 after acquiring an additional 40,550 shares during the period. State Street Corp raised its holdings in TravelCenters of America by 29.5% during the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after acquiring an additional 9,506 shares during the period. Hanson & Doremus Investment Management grew its position in shares of TravelCenters of America by 144.7% during the third 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 in the last quarter. Finally, Forward Management LLC purchased a new position in shares of TravelCenters of America during the third quarter valued at about $1,692,000. Institutional investors and hedge funds own 29.70% of the company’s stock.
TravelCenters of America LLC (TA) traded down $0.03 during trading hours on Wednesday, reaching $4.00. 172,400 shares of the company’s stock traded hands, compared to its average volume of 257,982. TravelCenters of America LLC has a one year low of $2.95 and a one year high of $7.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.64 and a current ratio of 1.21.
Several research analysts recently commented on the company. B. Riley set a $10.00 price target on TravelCenters of America and gave the stock a “buy” rating in a research report on Thursday, November 30th. Citigroup raised shares of TravelCenters of America from a “sell” rating to a “neutral” rating in a research note on Friday, December 8th. Zacks Investment Research downgraded shares of TravelCenters of America from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, TheStreet raised shares of TravelCenters of America from a “d” rating to a “c-” rating in a report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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