Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of TravelCenters of America LLC (NASDAQ:TA) by 53.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 75,023 shares of the specialty retailer’s stock after buying an additional 26,150 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in TravelCenters of America were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TA. JPMorgan Chase & Co. grew its holdings in TravelCenters of America by 1,587.2% in the third quarter. JPMorgan Chase & Co. now owns 357,271 shares of the specialty retailer’s stock worth $2,036,000 after purchasing an additional 336,095 shares during the period. Dimensional Fund Advisors LP grew its holdings in TravelCenters of America by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,568,181 shares of the specialty retailer’s stock worth $5,896,000 after purchasing an additional 173,738 shares during the period. B. Riley Financial Inc. grew its holdings in TravelCenters of America by 136.7% in the fourth quarter. B. Riley Financial Inc. now owns 283,846 shares of the specialty retailer’s stock worth $1,067,000 after purchasing an additional 163,916 shares during the period. Wedge Capital Management L L P NC purchased a new stake in TravelCenters of America in the fourth quarter worth about $292,000. Finally, Squarepoint Ops LLC purchased a new stake in TravelCenters of America in the fourth quarter worth about $243,000. Institutional investors and hedge funds own 34.04% of the company’s stock.

TA has been the topic of several analyst reports. CIBC reiterated a “hold” rating and issued a $9.00 target price on shares of TravelCenters of America in a research note on Thursday, February 28th. Zacks Investment Research downgraded shares of TravelCenters of America from a “buy” rating to a “sell” rating in a research note on Tuesday, March 5th. Finally, ValuEngine upgraded shares of TravelCenters of America from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.06.

In related news, COO Barry A. Richards sold 37,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $3.87, for a total transaction of $143,190.00. Following the transaction, the chief operating officer now owns 215,235 shares in the company, valued at $832,959.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Mark R. Young sold 101,010 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $3.68, for a total transaction of $371,716.80. Following the transaction, the vice president now owns 181,988 shares in the company, valued at approximately $669,715.84. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

Shares of NASDAQ TA opened at $3.59 on Tuesday. The company has a market capitalization of $143.38 million, a PE ratio of -5.61 and a beta of 1.69. TravelCenters of America LLC has a 52-week low of $3.25 and a 52-week high of $6.10. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.45 and a current ratio of 0.90.

TravelCenters of America (NASDAQ:TA) last issued its earnings results on Tuesday, May 7th. The specialty retailer reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.06. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. TravelCenters of America had a negative net margin of 1.91% and a negative return on equity of 4.51%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.55) earnings per share. On average, research analysts anticipate that TravelCenters of America LLC will post -0.02 earnings per share for the current year.

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TravelCenters of America Profile

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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Want to see what other hedge funds are holding TA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TravelCenters of America LLC (NASDAQ:TA).

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

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