TravelCenters of America LLC (NASDAQ:TA) Director Adam D. Portnoy bought 1,492,691 shares of the stock in a transaction that occurred on Wednesday, October 10th. The stock was bought at an average price of $5.62 per share, with a total value of $8,388,923.42. Following the completion of the acquisition, the director now owns 143,264 shares of the company’s stock, valued at approximately $805,143.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
TA opened at $5.00 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.22 and a debt-to-equity ratio of 1.29. TravelCenters of America LLC has a 52-week low of $3.05 and a 52-week high of $6.10. The company has a market cap of $226.70 million, a price-to-earnings ratio of -16.37 and a beta of 1.53.
TravelCenters of America (NASDAQ:TA) last released its quarterly earnings data on Monday, August 6th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.26). TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. TravelCenters of America’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, research analysts predict that TravelCenters of America LLC will post -0.64 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TA. Silverleafe Capital Partners LLC acquired a new position in shares of TravelCenters of America during the third quarter worth $143,000. B. Riley Financial Inc. acquired a new position in shares of TravelCenters of America during the second quarter worth $420,000. Jane Street Group LLC acquired a new position in shares of TravelCenters of America during the second quarter worth $369,000. Nantahala Capital Management LLC lifted its position in shares of TravelCenters of America by 12.3% during the second quarter. Nantahala Capital Management LLC now owns 759,401 shares of the specialty retailer’s stock worth $2,658,000 after purchasing an additional 83,274 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of TravelCenters of America by 8.3% during the second quarter. Renaissance Technologies LLC now owns 1,745,000 shares of the specialty retailer’s stock worth $6,108,000 after purchasing an additional 133,700 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.
TA has been the subject of a number of recent analyst reports. Craig Hallum boosted their target price on shares of TravelCenters of America from $6.50 to $10.00 in a report on Wednesday, September 5th. B. Riley boosted their price objective on shares of TravelCenters of America to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Finally, Zacks Investment Research upgraded shares of TravelCenters of America from a “strong sell” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Wednesday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. TravelCenters of America presently has an average rating of “Buy” and an average target price of $7.38.
About TravelCenters of America
TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. Its travel centers offer 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 (QSR), and various customer amenities.
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