New Jersey Better Educational Savings Trust Sells 20,000 Shares of TravelCenters of America LLC (TA)

New Jersey Better Educational Savings Trust reduced its position in TravelCenters of America LLC (NYSE:TA) by 43.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the specialty retailer’s stock after selling 20,000 shares during the quarter. New Jersey Better Educational Savings Trust owned 0.07% of TravelCenters of America worth $111,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TA. Parametric Portfolio Associates LLC raised its holdings in shares of TravelCenters of America by 9.4% in the first quarter. Parametric Portfolio Associates LLC now owns 142,921 shares of the specialty retailer’s stock valued at $872,000 after acquiring an additional 12,243 shares in the last quarter. Menta Capital LLC raised its holdings in shares of TravelCenters of America by 71.0% in the first quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer’s stock valued at $184,000 after acquiring an additional 12,505 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of TravelCenters of America by 1,039.9% in the first quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock valued at $1,156,000 after acquiring an additional 172,971 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of TravelCenters of America in the first quarter valued at about $106,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of TravelCenters of America by 92.1% in the first quarter. Goldman Sachs Group Inc. now owns 300,604 shares of the specialty retailer’s stock valued at $1,834,000 after acquiring an additional 144,115 shares in the last quarter.

TravelCenters of America LLC (NYSE:TA) opened at 4.85 on Tuesday. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $4.27. The company’s market capitalization is $191.85 million. TravelCenters of America LLC has a one year low of $2.95 and a one year high of $7.75.

TravelCenters of America (NYSE:TA) last announced its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). TravelCenters of America had a negative net margin of 0.20% and a negative return on equity of 2.19%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that TravelCenters of America LLC will post ($0.69) earnings per share for the current year.

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TA has been the subject of several recent research reports. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. FBR & Co restated a “buy” rating and issued a $10.00 price objective (up from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Finally, Citigroup Inc. downgraded TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 price objective for the company. in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. TravelCenters of America presently has an average rating of “Hold” and an average price target of $6.83.

About TravelCenters of America

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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Institutional Ownership by Quarter for TravelCenters of America (NYSE:TA)

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