Adirondack Research & Management Inc. cut its holdings in shares of TravelCenters of America LLC (NYSE:TA) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 473,516 shares of the specialty retailer’s stock after selling 69,701 shares during the quarter. Adirondack Research & Management Inc. owned approximately 1.20% of TravelCenters of America worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its position in shares of TravelCenters of America by 0.5% during the second quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock valued at $1,659,000 after buying an additional 2,047 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of TravelCenters of America by 18.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 2,500 shares during the last quarter. Falcon Point Capital LLC increased its position in shares of TravelCenters of America by 1.8% in the second quarter. Falcon Point Capital LLC now owns 217,636 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 3,932 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of TravelCenters of America by 1.9% in the first quarter. Acadian Asset Management LLC now owns 244,622 shares of the specialty retailer’s stock worth $1,492,000 after purchasing an additional 4,676 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of TravelCenters of America by 6.8% in the first quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock worth $486,000 after purchasing an additional 5,100 shares during the last quarter.

Several research analysts recently weighed in on TA shares. Citigroup Inc. restated a “buy” rating and issued a $5.50 price objective (down from $7.50) on shares of TravelCenters of America in a research report on Monday, May 15th. Zacks Investment Research cut shares of TravelCenters of America from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 13th. FBR & Co set a $9.00 price objective on shares of TravelCenters of America and gave the stock a “buy” rating in a research report on Wednesday, August 30th. ValuEngine cut shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of TravelCenters of America from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.25.

Shares of TravelCenters of America LLC (NYSE:TA) remained flat at $3.35 on Monday. 478,370 shares of the company were exchanged. TravelCenters of America LLC has a one year low of $2.95 and a one year high of $7.75. The stock has a 50 day moving average price of $3.63 and a 200 day moving average price of $4.82. The firm’s market capitalization is $132.51 million.

TravelCenters of America (NYSE:TA) last released 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. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that TravelCenters of America LLC will post ($0.69) earnings per share for the current fiscal year.

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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.

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

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