Highbridge Capital Management LLC cut its holdings in TravelCenters of America LLC (NASDAQ:TA) by 21.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,402 shares of the specialty retailer’s stock after selling 15,989 shares during the quarter. Highbridge Capital Management LLC owned 0.15% of TravelCenters of America worth $213,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Jane Street Group LLC increased its position in shares of TravelCenters of America by 37.4% during the fourth quarter. Jane Street Group LLC now owns 54,719 shares of the specialty retailer’s stock worth $224,000 after purchasing an additional 14,887 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of TravelCenters of America during the fourth quarter worth approximately $113,000. California Public Employees Retirement System increased its position in shares of TravelCenters of America by 6.1% during the fourth quarter. California Public Employees Retirement System now owns 532,262 shares of the specialty retailer’s stock worth $2,182,000 after purchasing an additional 30,610 shares in the last quarter. Millennium Management LLC increased its position in shares of TravelCenters of America by 360.2% during the fourth quarter. Millennium Management LLC now owns 914,081 shares of the specialty retailer’s stock worth $3,748,000 after purchasing an additional 715,440 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of TravelCenters of America by 62.7% during the fourth quarter. Two Sigma Investments LP now owns 245,608 shares of the specialty retailer’s stock worth $1,007,000 after purchasing an additional 94,682 shares in the last quarter. Institutional investors and hedge funds own 31.27% of the company’s stock.
Shares of TravelCenters of America stock opened at $3.40 on Wednesday. TravelCenters of America LLC has a 52 week low of $2.95 and a 52 week high of $5.85. The firm has a market capitalization of $145.99 million, a PE ratio of -11.33 and a beta of 1.65. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 1.23.
TravelCenters of America (NASDAQ:TA) last posted its earnings results on Monday, May 7th. The specialty retailer reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.51). TravelCenters of America had a negative return on equity of 5.55% and a net margin of 0.46%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company posted ($0.53) EPS. TravelCenters of America’s revenue was up 13.9% on a year-over-year basis. equities analysts forecast that TravelCenters of America LLC will post -0.46 earnings per share for the current fiscal year.
TA has been the subject of several research reports. TheStreet cut TravelCenters of America from a “c-” rating to a “d” rating in a research report on Thursday, April 19th. B. Riley set a $9.00 target price on TravelCenters of America and gave the company a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research cut TravelCenters of America from a “hold” rating to a “strong sell” rating in a report on Thursday, June 21st. Finally, Citigroup set a $4.00 target price 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, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.00.
About TravelCenters of America
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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