The stock of TravelCenters of America LLC (NASDAQ:TA) hit a new 52-week low and has $5.44 target or 14.00% below today’s $6.32 share price. The 8 months bearish chart indicates high risk for the $238.24M company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $5.44 price target is reached, the company will be worth $33.35M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 41,013 shares traded hands. TravelCenters of America LLC (NASDAQ:TA) has declined 3.93% since March 28, 2016 and is downtrending. It has underperformed by 8.65% the S&P500.
Analysts await TravelCenters of America LLC (NASDAQ:TA) to report earnings on November, 14. They expect $0.30 EPS, up 15.38% or $0.04 from last year’s $0.26 per share. TA’s profit will be $11.31 million for 5.27 P/E if the $0.30 EPS becomes a reality. After $0.09 actual EPS reported by TravelCenters of America LLC for the previous quarter, Wall Street now forecasts 233.33% EPS growth.
According to Zacks Investment Research, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services.”
Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.29, from 0.78 in 2016Q1. The ratio improved, as 17 funds sold all TravelCenters of America LLC shares owned while 29 reduced positions. 27 funds bought stakes while 22 increased positions. They now own 16.99 million shares or 6.22% less from 18.12 million shares in 2016Q1.
Blackrock Group Limited last reported 0% of its portfolio in the stock. Los Angeles Mngmt & Equity Research has 0% invested in the company for 13,914 shares. New Jersey Better Educational Savings Trust has 38,000 shares for 0.21% of their US portfolio. Earnest Prtn Limited Liability, a Georgia-based fund reported 2,300 shares. Gsa Capital Prns Llp holds 0.12% or 273,896 shares in its portfolio. Millennium Mngmt Ltd Liability Corp holds 121,193 shares or 0% of its portfolio. The New York-based Highbridge Capital Management Ltd Liability Company has invested 0% in TravelCenters of America LLC (NASDAQ:TA). Hodges Capital Inc holds 15,300 shares or 0.01% of its portfolio. Levin Capital Strategies Limited Partnership last reported 0% of its portfolio in the stock. Icm Asset Mngmt Wa has 0.63% invested in the company for 53,290 shares. Kcg Holdg last reported 52,238 shares in the company. Gilman Hill Asset Mgmt Ltd Liability Co has 12,090 shares for 0.04% of their US portfolio. Pacwest Finance Mgmt last reported 0% of its portfolio in the stock. Cwm Limited Liability Corporation reported 10,000 shares or 0.01% of all its holdings. Ckw holds 100 shares or 0% of its portfolio.
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 insider sales for $849,218 net activity. 30,000 shares were sold by Young Mark R, worth $215,700. $380,543 worth of TravelCenters of America LLC (NASDAQ:TA) was sold by Richards Barry A..
More notable recent TravelCenters of America LLC (NASDAQ:TA) news were published by: Wsj.com which released: “TravelCenters of America Rebuffed Bid From Golden Gate Capital” on June 15, 2016, also Businesswire.com with their article: “TravelCenters of America LLC Announces Second Quarter 2016 Financial Results” published on August 08, 2016, Businesswire.com published: “TravelCenters of America Presents Check of More Than $275000 to Help Truckers …” on October 21, 2016. More interesting news about TravelCenters of America LLC (NASDAQ:TA) were released by: Businesswire.com and their article: “TravelCenters of America LLC Second Quarter 2016 Conference Call Scheduled for …” published on August 01, 2016 as well as Cleveland.com‘s news article titled: “TravelCenters of America reports softer second quarter on lower diesel sales” with publication date: August 08, 2016.
TA Company Profile
TravelCenters of America LLC (TravelCenters), incorporated on October 10, 2006, operates and franchises approximately 460 travel centers and convenience store locations. The Company’s divisions include travel centers and convenience stores. The Firm offers a range of services and products, including diesel fuel and gasoline, as well as nonfuel services and products, such as truck repair and maintenance services, full service restaurants, over 40 different brands of quick service restaurants (QSRs), travel/convenience stores and various driver amenities. The Company’s clients include trucking fleets and their drivers, independent truck drivers and highway and local motorists.
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