HRT Financial LP Makes New Investment in TravelCenters of America Inc. (NASDAQ:TA)

Posted by on Jun 3rd, 2023

HRT Financial LP acquired a new stake in TravelCenters of America Inc. (NASDAQ:TA – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,899 shares of the specialty retailer’s stock, valued at approximately $756,000. HRT Financial LP owned about 0.11% of TravelCenters of America as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Engineers Gate Manager LP grew its stake in shares of TravelCenters of America by 457.4% in the third quarter. Engineers Gate Manager LP now owns 38,926 shares of the specialty retailer’s stock valued at $2,099,000 after buying an additional 31,943 shares in the last quarter. Delphia USA Inc. bought a new position in TravelCenters of America during the third quarter worth $431,000. Martingale Asset Management L P bought a new position in TravelCenters of America during the third quarter worth $452,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in TravelCenters of America during the third quarter worth $16,179,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in TravelCenters of America during the fourth quarter worth $221,000. 71.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on TA shares. StockNews.com started coverage on shares of TravelCenters of America in a research report on Monday, May 29th. They set a “buy” rating for the company. B. Riley cut shares of TravelCenters of America from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $86.00 in a research report on Friday, February 17th. Benchmark cut shares of TravelCenters of America from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. Finally, BMO Capital Markets boosted their target price on shares of TravelCenters of America from $60.00 to $86.00 and gave the company a “market perform” rating in a research report on Friday, February 17th.

TravelCenters of America Trading Down 0.0 %

Shares of TravelCenters of America stock opened at $86.00 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of 9.03 and a beta of 1.45. The firm has a 50-day moving average of $86.40 and a 200-day moving average of $67.76. TravelCenters of America Inc. has a 52-week low of $31.19 and a 52-week high of $88.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.16 and a current ratio of 1.63.

TravelCenters of America (NASDAQ:TA – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The specialty retailer reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $1.87. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.53 billion. TravelCenters of America had a return on equity of 17.08% and a net margin of 1.31%. As a group, sell-side analysts forecast that TravelCenters of America Inc. will post 4.67 EPS for the current 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.

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Institutional Ownership by Quarter for TravelCenters of America (NASDAQ:TA)

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