7,000 Shares in TravelCenters of America Inc. (NASDAQ:TA) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in TravelCenters of America Inc. (NASDAQ:TA – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,000 shares of the specialty retailer’s stock, valued at approximately $378,000.

Other hedge funds also recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its stake in 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. Teacher Retirement System of Texas acquired a new stake in shares of TravelCenters of America during the third quarter worth about $1,300,000. Delphia USA Inc. acquired a new stake in shares of TravelCenters of America during the third quarter worth about $431,000. Martingale Asset Management L P acquired a new stake in shares of TravelCenters of America during the third quarter worth about $452,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TravelCenters of America during the third quarter worth about $16,179,000. 71.90% of the stock is currently owned by hedge funds and other institutional investors.

TravelCenters of America Trading Up 0.1 %

Shares of TravelCenters of America stock opened at $84.40 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.15. TravelCenters of America Inc. has a 1 year low of $31.19 and a 1 year high of $85.06. The company has a market capitalization of $1.27 billion, a P/E ratio of 7.64 and a beta of 1.47. The business has a 50 day moving average price of $59.43 and a 200 day moving average price of $55.19.

Wall Street Analyst Weigh In

TA has been the topic of a number of research reports. B. Riley lowered TravelCenters of America from a “buy” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $86.00 in a report on Friday, February 17th. BMO Capital Markets lifted their price objective on TravelCenters of America from $60.00 to $86.00 and gave the company a “market perform” rating in a report on Friday, February 17th. Benchmark lowered TravelCenters of America from a “buy” rating to a “hold” rating in a report on Friday, February 17th. Finally, StockNews.com began coverage on TravelCenters of America in a report on Friday. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.