Stock Traders Buy Large Volume of TravelCenters of America Put Options (NASDAQ:TA)

TravelCenters of America LLC (NASDAQ:TA) was the recipient of unusually large options trading on Monday. Stock investors acquired 1,133 put options on the stock. This represents an increase of 2,166% compared to the average volume of 50 put options.

Several research analysts have commented on the company. B. Riley reduced their price objective on TravelCenters of America from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Zacks Investment Research downgraded TravelCenters of America from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

TravelCenters of America stock opened at $21.88 on Tuesday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.05 and a quick ratio of 0.60. The stock has a market capitalization of $182.01 million, a price-to-earnings ratio of 6.36 and a beta of 1.94. TravelCenters of America has a 1-year low of $5.51 and a 1-year high of $23.26. The business has a fifty day moving average price of $15.18 and a 200-day moving average price of $13.68.

TravelCenters of America (NASDAQ:TA) last issued its quarterly earnings results on Tuesday, May 5th. The specialty retailer reported ($1.81) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.68) by ($1.13). TravelCenters of America had a negative return on equity of 3.52% and a net margin of 0.46%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.40 billion. On average, equities research analysts anticipate that TravelCenters of America will post -0.04 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of TA. Goldman Sachs Group Inc. purchased a new position in shares of TravelCenters of America in the 4th quarter valued at about $1,791,000. Standard Life Aberdeen plc purchased a new position in shares of TravelCenters of America in the 4th quarter valued at about $1,220,000. JPMorgan Chase & Co. purchased a new position in shares of TravelCenters of America in the 1st quarter valued at about $622,000. Proxima Capital Management LLC increased its stake in shares of TravelCenters of America by 93.6% in the 1st quarter. Proxima Capital Management LLC now owns 81,300 shares of the specialty retailer’s stock valued at $795,000 after purchasing an additional 39,300 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of TravelCenters of America by 141.0% in the 4th quarter. Geode Capital Management LLC now owns 50,967 shares of the specialty retailer’s stock valued at $874,000 after purchasing an additional 29,818 shares in the last quarter. 33.94% of the stock is owned by institutional investors and hedge funds.

About TravelCenters of America

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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