SG Americas Securities LLC Acquires New Stake in TravelCenters of America Inc. (NASDAQ:TA)

SG Americas Securities LLC acquired a new stake in TravelCenters of America Inc. (NASDAQ:TA – Get Rating) in the third quarter, Holdings Channel reports. The firm acquired 12,509 shares of the specialty retailer’s stock, valued at approximately $675,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its holdings in TravelCenters of America by 2.4% during the 1st quarter. BlackRock Inc. now owns 889,893 shares of the specialty retailer’s stock worth $38,231,000 after acquiring an additional 20,838 shares during the period. Goldman Sachs Group Inc. grew its holdings in TravelCenters of America by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 782,925 shares of the specialty retailer’s stock worth $33,634,000 after acquiring an additional 26,560 shares during the period. AWM Investment Company Inc. grew its holdings in TravelCenters of America by 4.5% during the 2nd quarter. AWM Investment Company Inc. now owns 705,307 shares of the specialty retailer’s stock worth $24,312,000 after acquiring an additional 30,507 shares during the period. Vanguard Group Inc. grew its holdings in TravelCenters of America by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 634,512 shares of the specialty retailer’s stock worth $27,259,000 after acquiring an additional 14,198 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in TravelCenters of America by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 518,138 shares of the specialty retailer’s stock worth $22,260,000 after acquiring an additional 8,387 shares during the period. 71.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TA. Benchmark initiated coverage on TravelCenters of America in a report on Tuesday, November 22nd. They set a “buy” rating and a $65.00 price target for the company. StockNews.com cut shares of TravelCenters of America from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, TravelCenters of America has an average rating of “Moderate Buy” and a consensus price target of $72.50.

TravelCenters of America Price Performance

TA stock opened at $45.88 on Friday. The stock has a market capitalization of $681.50 million, a PE ratio of 5.23 and a beta of 1.69. The company’s 50-day moving average is $47.16 and its 200-day moving average is $50.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.51 and a quick ratio of 1.13. TravelCenters of America Inc. has a 1 year low of $31.19 and a 1 year high of $65.33.

TravelCenters of America (NASDAQ:TA – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The specialty retailer reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.53. TravelCenters of America had a net margin of 1.27% and a return on equity of 17.18%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Equities research analysts expect that TravelCenters of America Inc. will post 9.03 EPS for the current fiscal year.

About TravelCenters of America

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TravelCenters of America Inc operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants, and various customer amenities.