Renaissance Technologies LLC Boosts Holdings in TravelCenters of America LLC (TA)
Renaissance Technologies LLC raised its position in shares of TravelCenters of America LLC (NASDAQ:TA) by 8.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,745,000 shares of the specialty retailer’s stock after acquiring an additional 133,700 shares during the period. Renaissance Technologies LLC’s holdings in TravelCenters of America were worth $6,108,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TA. Citadel Advisors LLC boosted its position in TravelCenters of America by 300.4% during the 2nd quarter. Citadel Advisors LLC now owns 30,349 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 22,770 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in TravelCenters of America by 48.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,706 shares of the specialty retailer’s stock valued at $132,000 after acquiring an additional 12,290 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in TravelCenters of America during the 2nd quarter valued at approximately $193,000. Ancora Advisors LLC boosted its position in TravelCenters of America by 64.0% during the 1st quarter. Ancora Advisors LLC now owns 61,624 shares of the specialty retailer’s stock valued at $222,000 after acquiring an additional 24,048 shares in the last quarter. Finally, BlackRock Inc. boosted its position in TravelCenters of America by 586.6% during the 1st quarter. BlackRock Inc. now owns 121,749 shares of the specialty retailer’s stock valued at $438,000 after acquiring an additional 104,016 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of TA opened at $5.00 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. TravelCenters of America LLC has a 52 week low of $3.05 and a 52 week high of $6.10. The company has a market capitalization of $226.70 million, a PE ratio of -16.37 and a beta of 1.53.
In related news, Director Adam D. Portnoy purchased 1,492,691 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average cost of $5.62 per share, with a total value of $8,388,923.42. Following the transaction, the director now directly owns 143,264 shares in the company, valued at approximately $805,143.68. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.
Several research firms have weighed in on TA. Zacks Investment Research cut TravelCenters of America from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 8th. B. Riley lifted their price objective on TravelCenters of America to $10.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Craig Hallum boosted their price target on TravelCenters of America from $6.50 to $10.00 in a research report on Wednesday, September 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. TravelCenters of America currently has an average rating of “Buy” and an average price target of $7.38.
About TravelCenters of America
TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. Its travel centers offer 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 (QSR), and various customer amenities.
Featured Article: Price to Earnings Ratio (PE) Basics
Want to see what other hedge funds are holding TA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TravelCenters of America LLC (NASDAQ:TA).
Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.