Published On: Tue, Sep 20th, 2016

TravelCenters of America LLC (TA) Sees Strong Trading Volume

TravelCenters of America LLC (NYSE:TA) shares saw unusually-high trading volume on Monday . Approximately 420,100 shares were traded during trading, an increase of 52% from the previous session’s volume of 275,547 shares.The stock last traded at $6.74 and had previously closed at $6.60.
TA has been the topic of a number of recent analyst reports. Craig Hallum lowered TravelCenters of America from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. TravelCenters of America currently has an average rating of “Hold” and an average target price of $12.33.
The stock’s 50 day moving average is $7.18 and its 200-day moving average is $7.49. The stock has a market capitalization of $261.86 million, a price-to-earnings ratio of 146.52 and a beta of 2.92.

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TravelCenters of America (NYSE:TA) last posted its earnings results on Monday, August 8th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.10. The firm earned $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts predict that TravelCenters of America LLC will post $0.05 earnings per share for the current fiscal year.
In other news, VP Mark R. Young sold 33,855 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $7.47, for a total value of $252,896.85. Following the transaction, the vice president now owns 148,500 shares in the company, valued at $1,109,295. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Granite Investment Partners LLC raised its position in TravelCenters of America by 24.5% in the first quarter. Granite Investment Partners LLC now owns 96,828 shares of the company’s stock worth $656,000 after buying an additional 19,056 shares in the last quarter. Boston Partners bought a new position in TravelCenters of America during the second quarter worth $2,912,000. California Public Employees Retirement System raised its position in TravelCenters of America by 5.6% in the second quarter. California Public Employees Retirement System now owns 599,700 shares of the company’s stock worth $4,894,000 after buying an additional 32,000 shares in the last quarter. Royal Bank of Canada raised its position in TravelCenters of America by 2.8% in the first quarter. Royal Bank of Canada now owns 306,900 shares of the company’s stock worth $2,078,000 after buying an additional 8,369 shares in the last quarter. Finally, Adirondack Research & Management Inc. raised its position in TravelCenters of America by 6.7% in the second quarter. Adirondack Research & Management Inc. now owns 484,979 shares of the company’s stock worth $3,957,000 after buying an additional 30,526 shares in the last quarter.
About TravelCenters of America
TravelCenters of America LLC (TravelCenters) operates and franchises approximately 460 travel centers and convenience store locations. The Company’s segments include travel centers and convenience stores. Its customers include trucking fleets and their drivers, independent truck drivers and highway and local motorists.

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