TravelCenters of America LLC (TA) Short Interest Update

TravelCenters of America LLC (NASDAQ:TA) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 361,531 shares, a decline of 33.1% from the November 30th total of 540,322 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 322,706 shares, the days-to-cover ratio is presently 1.1 days.

TravelCenters of America (NASDAQ:TA) opened at $4.30 on Friday. The firm has a market cap of $168.11, a P/E ratio of 7.29 and a beta of 2.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.64 and a current ratio of 1.21. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75.

Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of TravelCenters of America during the third quarter worth $126,000. Jane Street Group LLC acquired a new position in shares of TravelCenters of America during the third quarter worth $169,000. State Street Corp lifted its position in shares of TravelCenters of America by 29.5% during the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after purchasing an additional 9,506 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of TravelCenters of America during the third quarter worth $225,000. Finally, Hanson & Doremus Investment Management increased its stake in shares of TravelCenters of America by 144.7% in the third 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. 34.10% of the stock is currently owned by hedge funds and other institutional investors.

TA has been the subject of a number of recent analyst reports. FBR & Co restated a “buy” rating and issued a $10.00 target price (up from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Citigroup downgraded shares of TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 target price for the company. in a report on Wednesday, October 11th. Zacks Investment Research raised shares of 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 reaffirmed a “buy” rating on shares of TravelCenters of America in a research report on Wednesday, November 1st. Finally, TheStreet raised shares of TravelCenters of America from a “d” rating to a “c-” rating in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $7.38.

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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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