TravelCenters of America LLC (TA) Sees Large Volume Increase
TravelCenters of America LLC (NYSE:TA) saw unusually-strong trading volume on Thursday . Approximately 277,415 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 331,044 shares.The stock last traded at $8.51 and had previously closed at $8.42.
Several equities research analysts have recently commented on TA shares. Citigroup Inc. dropped their target price on shares of TravelCenters of America from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, March 21st. BMO Capital Markets reaffirmed a “hold” rating on shares of TravelCenters of America in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of TravelCenters of America from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $16.00 target price (up from $15.00) on shares of TravelCenters of America in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.33.
The firm has a market capitalization of $325.13 million and a P/E ratio of 158.11. The stock has a 50-day moving average of $7.88 and a 200 day moving average of $7.62.
TravelCenters of America (NYSE:TA) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.08. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.40 billion. The business’s revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Equities research analysts anticipate that TravelCenters of America LLC will post $0.32 earnings per share for the current year.
In other TravelCenters of America news, EVP Barry A. Richards sold 53,309 shares of the business’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $7.14, for a total transaction of $380,626.26. Following the transaction, the executive vice president now owns 103,763 shares in the company, valued at $740,867.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark R. Young sold 30,000 shares of the business’s 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 transaction, the vice president now owns 182,355 shares in the company, valued at approximately $1,311,132.45. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in TravelCenters of America stock. Alpine Woods Capital Investors LLC boosted its position in shares of TravelCenters of America LLC (NYSE:TA) by 16.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 222,800 shares of the company’s stock after buying an additional 31,300 shares during the period. Alpine Woods Capital Investors LLC owned about 0.58% of TravelCenters of America worth $2,094,000 at the end of the most recent reporting period.
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.