Renaissance Technologies LLC boosted its holdings in shares of TravelCenters of America LLC (NASDAQ:TA) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,745,000 shares of the specialty retailer’s stock after buying an additional 133,700 shares during the period. Renaissance Technologies LLC owned approximately 4.39% of TravelCenters of America worth $6,108,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in TravelCenters of America by 48.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,706 shares of the specialty retailer’s stock valued at $132,000 after buying an additional 12,290 shares during the period. Russell Investments Group Ltd. raised its position in TravelCenters of America by 8.6% during the first quarter. Russell Investments Group Ltd. now owns 955,678 shares of the specialty retailer’s stock valued at $3,440,000 after purchasing an additional 75,276 shares in the last quarter. Ancora Advisors LLC raised its position in TravelCenters of America by 64.0% during the first quarter. Ancora Advisors LLC now owns 61,624 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 24,048 shares in the last quarter. Braun Bostich & Associates Inc. purchased a new stake in TravelCenters of America during the first quarter valued at about $670,000. Finally, Standard Life Aberdeen plc purchased a new stake in TravelCenters of America during the second quarter valued at about $996,000. 31.35% of the stock is owned by institutional investors.
In related news, Director Adam D. Portnoy acquired 1,492,691 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average price of $5.62 per share, for a total transaction of $8,388,923.42. Following the completion of the acquisition, the director now owns 143,264 shares in the company, valued at $805,143.68. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by insiders.
A number of research firms have weighed in on TA. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 21st. Craig Hallum began coverage on TravelCenters of America in a research report on Monday, July 16th. They set a “buy” rating and a $6.50 price target on the stock. Finally, B. Riley lifted their price objective on TravelCenters of America to $10.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. TravelCenters of America currently has a consensus rating of “Buy” and a consensus price target of $7.38.
TA opened at $5.00 on Friday. The stock has a market capitalization of $226.70 million, a PE ratio of -16.37 and a beta of 1.53. The company has a current ratio of 1.22, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. TravelCenters of America LLC has a 12 month low of $3.05 and a 12 month high of $6.10.
TravelCenters of America (NASDAQ:TA) last released its quarterly earnings data on Monday, August 6th. The specialty retailer reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.26). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, analysts predict that TravelCenters of America LLC will post -0.64 earnings per share for the current year.
TravelCenters of America Company 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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