The stock of TravelCenters of America LLC (NASDAQ:TA) hit a new 52-week low and has $5.28 target or 12.00% below today’s $6.00 share price. The 8 months bearish chart indicates high risk for the $222.19M company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $5.28 price target is reached, the company will be worth $26.66M 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. The stock closed at $6 during the last session. It is up 8.81% since April 5, 2016 and is downtrending. It has underperformed by 10.77% 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 $11.11 million for 5.00 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 increased, 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.
Hodges Cap Mgmt accumulated 15,300 shares or 0.01% of the stock. Walleye Trading Limited Liability, a Minnesota-based fund reported 65,029 shares. Benjamin F Edwards And Com Inc holds 0% or 50 shares in its portfolio. Cwm Ltd last reported 0.01% of its portfolio in the stock. Cypress Capital Mgmt Lc (Wy) accumulated 600 shares or 0% of the stock. Renaissance Limited Company holds 0.03% of its portfolio in TravelCenters of America LLC (NASDAQ:TA) for 1.66 million shares. Nantahala Capital Mgmt Ltd Llc has 152,511 shares for 0.13% of their US portfolio. Royal National Bank Of Canada, a Ontario – Canada-based fund reported 311,050 shares. The California-based Los Angeles Capital Mngmt Equity has invested 0% in TravelCenters of America LLC (NASDAQ:TA). Belmont Glob Advsr Incorporated has invested 0.2% of its portfolio in TravelCenters of America LLC (NASDAQ:TA). Cap Investors last reported 2.42 million shares in the company. Kistler last reported 30 shares in the company. Dreman Value Management L L C has 21,262 shares for 0.11% of their US portfolio. Bridgeway Cap Mngmt last reported 0.06% of its portfolio in the stock. Raymond James Financial Ser last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 selling transactions for $849,218 net activity. $215,700 worth of TravelCenters of America LLC (NASDAQ:TA) shares were sold by Young Mark R. $380,543 worth of TravelCenters of America LLC (NASDAQ:TA) shares were sold by Richards Barry A..
More notable recent TravelCenters of America LLC (NASDAQ:TA) news were published by: Businesswire.com which released: “TravelCenters of America Announces TA Truck Service Commercial Tire Network” on November 03, 2016, also Wsj.com with their article: “TravelCenters of America Rebuffed Bid From Golden Gate Capital” published on June 15, 2016, Businesswire.com published: “TravelCenters of America LLC Third Quarter 2016 Conference Call Scheduled for …” on November 01, 2016. More interesting news about TravelCenters of America LLC (NASDAQ:TA) were released by: Businesswire.com and their article: “TravelCenters of America LLC Announces Second Quarter 2016 Financial Results” published on August 08, 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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