TravelCenters of America LLC (NASDAQ:TA) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 82,900 shares, a decrease of 9.9% from the July 31st total of 92,000 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is currently 4.1 days.
Shares of TA traded up $0.13 during midday trading on Friday, reaching $14.49. 38,995 shares of the stock were exchanged, compared to its average volume of 22,368. TravelCenters of America has a 52 week low of $12.19 and a 52 week high of $28.75. The company has a current ratio of 0.90, a quick ratio of 0.45 and a debt-to-equity ratio of 4.21. The company’s 50 day moving average is $12.10 and its two-hundred day moving average is $5.96. The company has a market capitalization of $117.22 million, a P/E ratio of -4.53 and a beta of 1.60.
TravelCenters of America (NASDAQ:TA) last posted its quarterly earnings results on Monday, August 5th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.70). TravelCenters of America had a negative return on equity of 3.79% and a negative net margin of 1.42%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the company posted ($0.05) EPS. TravelCenters of America’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts expect that TravelCenters of America will post -1.24 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its position in shares of TravelCenters of America by 21.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 94,335 shares of the specialty retailer’s stock worth $388,000 after buying an additional 16,732 shares in the last quarter. Wealth & Pension Services Group Inc. purchased a new stake in shares of TravelCenters of America during the 1st quarter worth $54,000. Dimensional Fund Advisors LP lifted its stake in shares of TravelCenters of America by 12.5% during the 4th 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 last quarter. Eidelman Virant Capital purchased a new stake in shares of TravelCenters of America during the 2nd quarter worth $3,847,000. Finally, B. Riley Wealth Management Inc. purchased a new stake in shares of TravelCenters of America during the 1st quarter worth $114,000.
TA has been the topic of several research analyst reports. B. Riley cut their price objective on TravelCenters of America from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th. Finally, ValuEngine downgraded TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.
About TravelCenters of America
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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