TravelCenters of America LLC (NYSE:TA) fell 1.8% during trading on Friday . The stock traded as low as $8.34 and last traded at $8.36, with a volume of 165,607 shares. The stock had previously closed at $8.51.

Several research firms recently commented on TA. Zacks Investment Research lowered shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Tuesday. FBR & Co reissued an “outperform” rating and set a $16.00 price objective (up previously from $15.00) on shares of TravelCenters of America in a research note on Tuesday, May 10th. BMO Capital Markets reissued a “hold” rating on shares of TravelCenters of America in a research note on Wednesday, May 4th. Finally, Citigroup Inc. dropped their price objective on shares of TravelCenters of America from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. TravelCenters of America presently has an average rating of “Hold” and an average target price of $12.33.

The stock has a 50-day moving average of $7.84 and a 200 day moving average of $7.63. The stock has a market capitalization of $325.13 million and a price-to-earnings ratio of 158.11.

TravelCenters of America (NYSE:TA) last announced its earnings results on Monday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. Equities analysts predict that TravelCenters of America LLC will post $0.32 EPS for the current fiscal year.

In other news, EVP Barry A. Richards sold 53,309 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of $7.14, for a total value of $380,626.26. Following the sale, the executive vice president now owns 103,763 shares of the company’s stock, valued at $740,867.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mark R. Young sold 30,000 shares of the stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $7.19, for a total transaction of $215,700.00. Following the completion of the sale, the vice president now directly owns 182,355 shares in the company, valued at approximately $1,311,132.45. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently bought and sold shares of the company. Morgan Stanley increased its position in TravelCenters of America by 3.8% in the fourth quarter. Morgan Stanley now owns 276,335 shares of the company’s stock valued at $2,598,000 after buying an additional 10,215 shares in the last quarter. Alpine Woods Capital Investors LLC increased its position in TravelCenters of America by 16.3% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 222,800 shares of the company’s stock valued at $2,094,000 after buying an additional 31,300 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in TravelCenters of America by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 159,300 shares of the company’s stock valued at $1,497,000 after buying an additional 14,813 shares in the last quarter.

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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