Sterneck Capital Management LLC increased its position in TravelCenters of America LLC (NYSE:TA) by 42.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 816,871 shares of the specialty retailer’s stock after buying an additional 243,673 shares during the period. TravelCenters of America accounts for about 2.0% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Sterneck Capital Management LLC owned about 2.07% of TravelCenters of America worth $3,349,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Signia Capital Management LLC lifted its position in shares of TravelCenters of America by 494.1% in the second quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock worth $2,736,000 after buying an additional 554,894 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of TravelCenters of America by 78.1% in the second quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock worth $1,984,000 after buying an additional 212,201 shares in the last quarter. Boston Partners lifted its position in shares of TravelCenters of America by 0.5% in the second quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock worth $1,659,000 after buying an additional 2,047 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of TravelCenters of America by 92.1% in the first quarter. Goldman Sachs Group Inc. now owns 300,604 shares of the specialty retailer’s stock worth $1,834,000 after buying an additional 144,115 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC lifted its position in shares of TravelCenters of America by 4.3% in the second quarter. Alpine Woods Capital Investors LLC now owns 240,000 shares of the specialty retailer’s stock worth $984,000 after buying an additional 10,000 shares in the last quarter.

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Shares of TravelCenters of America LLC (NYSE TA) traded down 3.06% during midday trading on Friday, reaching $4.75. The company’s stock had a trading volume of 158,755 shares. TravelCenters of America LLC has a one year low of $2.95 and a one year high of $7.75. The stock’s 50 day moving average price is $4.12 and its 200 day moving average price is $4.41. The firm’s market cap is $187.89 million.

TravelCenters of America (NYSE:TA) last released its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share 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 business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that TravelCenters of America LLC will post ($0.69) earnings per share for the current year.

A number of equities research analysts recently commented on TA shares. FBR & Co set a $9.00 target price on TravelCenters of America and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Citigroup Inc. downgraded TravelCenters of America from a “buy” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.17.

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.

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

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