TravelCenters of America LLC (NYSE:TA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services. “
Separately, Craig Hallum lowered shares of TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TravelCenters of America presently has an average rating of “Hold” and an average price target of $12.33.
TravelCenters of America (NYSE:TA) opened at 6.81 on Wednesday. The firm has a market capitalization of $264.58 million, a PE ratio of 148.04 and a beta of 2.92. TravelCenters of America has a 52-week low of $6.41 and a 52-week high of $12.67. The company’s 50-day moving average is $6.88 and its 200-day moving average is $7.36.
TravelCenters of America (NYSE:TA) last issued its earnings results on Monday, August 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Analysts forecast that TravelCenters of America will post $0.07 EPS 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 shares were sold at an average price of $7.47, for a total value of $252,896.85. Following the completion of the transaction, the vice president now directly owns 148,500 shares in the company, valued at $1,109,295. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of large investors have recently made changes to their positions in the stock. Boston Partners bought a new stake in shares of TravelCenters of America during the second quarter valued at about $2,912,000. California Public Employees Retirement System raised its stake in shares of 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 valued at $4,894,000 after buying an additional 32,000 shares during the last quarter. Adirondack Research & Management Inc. raised its stake in shares of TravelCenters of America by 6.7% in the second quarter. Adirondack Research & Management Inc. now owns 484,979 shares of the company’s stock valued at $3,957,000 after buying an additional 30,526 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of TravelCenters of America by 293.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 104,457 shares of the company’s stock valued at $707,000 after buying an additional 77,932 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of TravelCenters of America during the second quarter valued at about $1,056,000.
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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