Two Sigma Advisers LP boosted its position in shares of TravelCenters of America (NASDAQ:TA) by 36.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 208,248 shares of the specialty retailer’s stock after acquiring an additional 55,600 shares during the quarter. Two Sigma Advisers LP’s holdings in TravelCenters of America were worth $854,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of TA. Dimensional Fund Advisors LP lifted its position in TravelCenters of America by 118.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 371,102 shares of the specialty retailer’s stock worth $1,577,000 after acquiring an additional 200,905 shares during the period. Virtu Financial LLC acquired a new position in shares of TravelCenters of America in the 4th quarter valued at about $423,000. Kennedy Capital Management Inc. lifted its holdings in shares of TravelCenters of America by 10.6% in the 4th quarter. Kennedy Capital Management Inc. now owns 977,093 shares of the specialty retailer’s stock valued at $4,006,000 after buying an additional 93,280 shares during the period. Acadian Asset Management LLC acquired a new position in shares of TravelCenters of America in the 4th quarter valued at about $380,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of TravelCenters of America by 309.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,318 shares of the specialty retailer’s stock valued at $493,000 after buying an additional 90,968 shares during the period. 32.99% of the stock is owned by institutional investors.
Shares of TravelCenters of America stock opened at $3.50 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. TravelCenters of America has a twelve month low of $2.95 and a twelve month high of $6.35. The stock has a market capitalization of $142.01, a P/E ratio of -11.67 and a beta of 1.71.
TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported ($0.52) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.47). TravelCenters of America had a net margin of 0.15% and a negative return on equity of 2.20%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm earned ($0.17) EPS. TravelCenters of America’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts forecast that TravelCenters of America will post -0.12 earnings per share for the current fiscal year.
TA has been the subject of several analyst reports. Zacks Investment Research raised TravelCenters of America from a “sell” rating to a “hold” rating in a report on Friday, March 9th. B. Riley set a $9.00 price objective on TravelCenters of America and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Citigroup set a $4.00 price objective on TravelCenters of America and gave the company a “hold” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. TravelCenters of America has an average rating of “Hold” and a consensus target price of $7.00.
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TravelCenters of America Profile
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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