TravelCenters of America (TA) Upgraded to “C-” at TheStreet

TravelCenters of America (NASDAQ:TA) was upgraded by stock analysts at TheStreet from a “d” rating to a “c-” rating in a report issued on Thursday.

A number of other equities analysts also recently issued reports on the company. B. Riley restated a “buy” rating on shares of TravelCenters of America in a research report on Wednesday, November 1st. Zacks Investment Research downgraded TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Saturday. FBR & Co reaffirmed a “buy” rating and set a $10.00 target price (up previously from $9.00) on shares of TravelCenters of America in a research note on Tuesday, September 12th. Finally, Citigroup cut TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 target price for the company. in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.38.

Shares of TravelCenters of America (NASDAQ TA) opened at $4.50 on Thursday. TravelCenters of America has a 12 month low of $2.95 and a 12 month high of $7.75. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 1.18.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Signia Capital Management LLC boosted its holdings in shares of TravelCenters of America by 494.1% in 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 in the last quarter. Forward Management LLC purchased a new position in shares of TravelCenters of America in the 3rd quarter worth about $1,692,000. Russell Investments Group Ltd. boosted its holdings in shares of TravelCenters of America by 68.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 812,862 shares of the specialty retailer’s stock worth $3,455,000 after purchasing an additional 328,950 shares in the last quarter. Sterneck Capital Management LLC boosted its holdings in shares of TravelCenters of America by 42.5% in the 2nd quarter. Sterneck Capital Management LLC now owns 816,871 shares of the specialty retailer’s stock worth $3,349,000 after purchasing an additional 243,673 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TravelCenters of America by 118.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 371,102 shares of the specialty retailer’s stock worth $1,577,000 after purchasing an additional 200,905 shares in the last quarter. Institutional investors own 34.18% of the company’s stock.

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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.

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