Acadian Asset Management LLC acquired a new position in TravelCenters of America LLC (NASDAQ:TA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 92,515 shares of the specialty retailer’s stock, valued at approximately $380,000.
Other hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of TravelCenters of America in the 3rd quarter worth approximately $126,000. Jane Street Group LLC bought a new stake in shares of TravelCenters of America in the 3rd quarter worth approximately $169,000. State Street Corp grew its position in shares of TravelCenters of America by 29.5% in the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after buying an additional 9,506 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in shares of TravelCenters of America in the 3rd quarter worth approximately $225,000. Finally, Hanson & Doremus Investment Management grew its position in shares of TravelCenters of America by 144.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock worth $231,000 after buying an additional 32,185 shares during the last quarter. Hedge funds and other institutional investors own 34.34% of the company’s stock.
TA has been the topic of several research reports. Citigroup lowered TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 price target on the stock. in a research report on Wednesday, October 11th. Zacks Investment Research upgraded TravelCenters of America from a “sell” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Wednesday, October 11th. B. Riley set a $10.00 price target on TravelCenters of America and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, TheStreet upgraded TravelCenters of America from a “d” rating to a “c-” rating in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. TravelCenters of America presently has an average rating of “Hold” and a consensus target price of $7.38.
TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings data on Tuesday, November 7th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.14). The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.62 billion. TravelCenters of America had a net margin of 0.40% and a negative return on equity of 1.79%. research analysts predict that TravelCenters of America LLC will post 0.71 EPS for the current fiscal year.
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TravelCenters of America Company Profile
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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