Tower Research Capital LLC TRC Acquires 3,758 Shares of TravelCenters of America Inc. (NASDAQ:TA)

Tower Research Capital LLC TRC lifted its position in TravelCenters of America Inc. (NASDAQ:TA – Get Rating) by 689.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,303 shares of the specialty retailer’s stock after acquiring an additional 3,758 shares during the period. Tower Research Capital LLC TRC’s holdings in TravelCenters of America were worth $232,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of TravelCenters of America by 2.4% in 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 in the last quarter. Goldman Sachs Group Inc. raised its position in shares of TravelCenters of America by 3.5% in 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 in the last quarter. AWM Investment Company Inc. grew its stake in shares of TravelCenters of America by 4.5% in the 2nd quarter. AWM Investment Company Inc. now owns 705,307 shares of the specialty retailer’s stock worth $24,312,000 after buying an additional 30,507 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of TravelCenters of America by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 634,512 shares of the specialty retailer’s stock worth $27,259,000 after buying an additional 14,198 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of TravelCenters of America by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 518,138 shares of the specialty retailer’s stock worth $22,260,000 after buying an additional 8,387 shares during the last quarter. Institutional investors own 71.90% of the company’s stock.

TravelCenters of America Stock Performance

Shares of TA opened at $84.77 on Friday. The business’s fifty day simple moving average is $55.38 and its two-hundred day simple moving average is $54.29. The company has a current ratio of 1.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. TravelCenters of America Inc. has a 12 month low of $31.19 and a 12 month high of $85.06. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 7.68 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TA shares. BMO Capital Markets upped their price target on TravelCenters of America from $60.00 to $86.00 and gave the stock a “market perform” rating in a research note on Friday, February 17th. B. Riley downgraded TravelCenters of America from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $86.00 in a research note on Friday, February 17th. Finally, Benchmark downgraded TravelCenters of America from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, TravelCenters of America has an average rating of “Hold” and a consensus target price of $80.50.

TravelCenters of America Profile

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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.