Falcon Point Capital LLC increased its stake in shares of TravelCenters of America LLC (NYSE:TA) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 217,636 shares of the specialty retailer’s stock after buying an additional 3,932 shares during the period. Falcon Point Capital LLC’s holdings in TravelCenters of America were worth $892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TA. Russell Investments Group Ltd. raised its position in TravelCenters of America by 13.9% in the first quarter. Russell Investments Group Ltd. now owns 271,711 shares of the specialty retailer’s stock worth $1,657,000 after buying an additional 33,101 shares during the last quarter. Boston Partners raised its position in TravelCenters of America by 2.2% in the first quarter. Boston Partners now owns 402,547 shares of the specialty retailer’s stock worth $2,456,000 after buying an additional 8,547 shares during the last quarter. New Jersey Better Educational Savings Trust raised its position in TravelCenters of America by 33.3% in the first quarter. New Jersey Better Educational Savings Trust now owns 48,000 shares of the specialty retailer’s stock worth $293,000 after buying an additional 12,000 shares during the last quarter. Citadel Advisors LLC raised its position in TravelCenters of America by 7.7% in the first quarter. Citadel Advisors LLC now owns 111,041 shares of the specialty retailer’s stock worth $677,000 after buying an additional 7,961 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new position in TravelCenters of America during the first quarter worth approximately $109,000.

TravelCenters of America LLC (NYSE:TA) opened at 3.65 on Friday. TravelCenters of America LLC has a 52-week low of $3.45 and a 52-week high of $7.75. The firm’s 50-day moving average price is $3.86 and its 200-day moving average price is $5.22. The company’s market cap is $144.38 million.

TravelCenters of America (NYSE:TA) last announced its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. TravelCenters of America had a negative net margin of 2.11% and a negative return on equity of 20.79%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm earned $0.09 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that TravelCenters of America LLC will post ($0.60) EPS for the current year.

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TA has been the subject of a number of recent analyst reports. Citigroup Inc. reaffirmed a “buy” rating and set a $5.50 price target (down previously from $7.50) on shares of TravelCenters of America in a research report on Monday, May 15th. Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. TheStreet lowered TravelCenters of America from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. ValuEngine lowered TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, FBR & Co reaffirmed an “outperform” rating and set a $9.00 price target (down previously from $11.00) on shares of TravelCenters of America in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. TravelCenters of America has an average rating of “Hold” and an average target price of $7.25.

In other TravelCenters of America news, insider Michael J. Lombardi bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $4.05 per share, for a total transaction of $40,500.00. Following the completion of the transaction, the insider now directly owns 393,385 shares of the company’s stock, valued at $1,593,209.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

About TravelCenters of America

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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Institutional Ownership by Quarter for TravelCenters of America (NYSE:TA)

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