Kennedy Capital Management Inc. Decreases Position in TravelCenters of America LLC (TA)

Kennedy Capital Management Inc. trimmed its holdings in TravelCenters of America LLC (NYSE:TA) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 901,239 shares of the specialty retailer’s stock after selling 29,597 shares during the period. Kennedy Capital Management Inc. owned 2.28% of TravelCenters of America worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signia Capital Management LLC boosted its stake in shares of TravelCenters of America by 494.1% during the 2nd quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock worth $2,736,000 after purchasing an additional 554,894 shares during the last quarter. Sterneck Capital Management LLC boosted its stake in shares of TravelCenters of America by 62.6% during the 1st quarter. Sterneck Capital Management LLC now owns 573,198 shares of the specialty retailer’s stock worth $3,497,000 after purchasing an additional 220,601 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of TravelCenters of America by 78.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock worth $1,984,000 after purchasing an additional 212,201 shares during the last quarter. Anchor Capital Advisors LLC acquired a new stake in shares of TravelCenters of America during the 1st quarter worth about $1,235,000. Finally, Bank of America Corp DE boosted its stake in shares of TravelCenters of America by 1,039.9% during the 1st quarter. Bank of America Corp DE now owns 189,604 shares of the specialty retailer’s stock worth $1,156,000 after purchasing an additional 172,971 shares during the last quarter.

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Several research firms have issued reports on TA. ValuEngine cut shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of TravelCenters of America from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. FBR & Co reiterated a “buy” rating and set a $10.00 price objective (up from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Finally, TheStreet lowered shares of TravelCenters of America from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.75.

TravelCenters of America LLC (NYSE TA) opened at 4.10 on Friday. TravelCenters of America LLC has a 12-month low of $2.95 and a 12-month high of $7.75. The company has a 50-day moving average of $3.65 and a 200 day moving average of $4.55. The stock’s market cap is $162.18 million.

TravelCenters of America (NYSE:TA) last posted its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.55 billion. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. Equities analysts anticipate that TravelCenters of America LLC will post ($0.68) earnings per share for the current year.

TravelCenters of America Profile

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.

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

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