TravelCenters of America LLC (NASDAQ:TA) Short Interest Down 5.9% in July

TravelCenters of America LLC (NASDAQ:TA) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 438,600 shares, a decrease of 5.9% from the June 15th total of 466,300 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 92,300 shares, the short-interest ratio is presently 4.8 days.

TravelCenters of America stock opened at $3.45 on Thursday. The business’s 50-day simple moving average is $3.58. TravelCenters of America has a one year low of $3.35 and a one year high of $6.10. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.45 and a current ratio of 0.90. The firm has a market cap of $142.17 million, a P/E ratio of -5.39 and a beta of 1.62.

TravelCenters of America (NASDAQ:TA) last posted its quarterly earnings data on Tuesday, May 7th. The specialty retailer reported ($0.36) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.06. TravelCenters of America had a negative net margin of 1.91% and a negative return on equity of 4.51%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted ($0.55) EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that TravelCenters of America will post -0.14 earnings per share for the current year.

In related news, VP Mark R. Young sold 101,010 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $3.68, for a total value of $371,716.80. Following the completion of the transaction, the vice president now directly owns 181,988 shares of the company’s stock, valued at approximately $669,715.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Barry A. Richards sold 37,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $3.87, for a total transaction of $143,190.00. Following the completion of the transaction, the chief operating officer now directly owns 215,235 shares of the company’s stock, valued at $832,959.45. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of TA. Wedge Capital Management L L P NC raised its holdings in shares of TravelCenters of America by 21.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 94,335 shares of the specialty retailer’s stock valued at $388,000 after purchasing an additional 16,732 shares during the period. Wealth & Pension Services Group Inc. bought a new stake in shares of TravelCenters of America in the 1st quarter valued at about $54,000. Strategic Financial Services Inc bought a new stake in shares of TravelCenters of America in the 1st quarter valued at about $97,000. Dimensional Fund Advisors LP raised its holdings in shares of TravelCenters of America by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,568,181 shares of the specialty retailer’s stock valued at $5,896,000 after purchasing an additional 173,738 shares during the period. Finally, Eidelman Virant Capital bought a new stake in shares of TravelCenters of America in the 2nd quarter valued at about $3,847,000. Institutional investors own 36.61% of the company’s stock.

TA has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and set a $9.00 price objective (down from $10.00) on shares of TravelCenters of America in a research note on Monday, June 17th. Zacks Investment Research upgraded shares of TravelCenters of America from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, ValuEngine upgraded shares of TravelCenters of America from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th.

TravelCenters of America Company Profile

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

Further Reading: Are sell-side analysts objective?

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