Toronto Dominion Bank makes new investment in TravelCenters of America Inc. (NASDAQ:TA)


Toronto Dominion Bank purchased a new position in TravelCenters of America Inc. (NASDAQ:TA – Get Rating ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,300 shares of the specialty retailer’s stock, valued at approximately $56,000.

A number of other large investors have also modified their holdings of TA. New York State Common Retirement Fund boosted its stake in shares of TravelCenters of America by 12.1% during the fourth quarter. New York State Common Retirement Fund now owns 9,504 shares of the specialty retailer’s stock valued at $491,000 after purchasing an additional 1,028 shares during the period. American Century Companies Inc. increased its holdings in shares of TravelCenters of America by 185.2% during the 4th quarter. American Century Companies Inc. now owns 53,694 shares of the specialty retailer’s stock valued at $2,772,000 after purchasing an additional 34,864 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of TravelCenters of America by 83.0% during the 4th quarter. Victory Capital Management Inc. now owns 8,447 shares of the specialty retailer’s stock valued at $436,000 after purchasing an additional 3,832 shares in the last quarter. Northern Trust Corp boosted its stake in shares of TravelCenters of America by 7.1% during the fourth quarter. Northern Trust Corp now owns 114,907 shares of the specialty retailer’s stock valued at $5,931,000 after buying an additional 7,620 shares in the last quarter. Finally, Swiss National Bank acquired a new position in shares of TravelCenters of America during the fourth quarter valued at $1,409,000. Hedge funds and other institutional investors own 63.52% of the company’s shares.

TravelCenters of America Price Effectiveness

Shares of NASDAQ TA opened at $57.94 on Friday. The stock has a market cap of $859.83 million, a P/E ratio of 7.43 and a beta of 1.98. TravelCenters of America Inc. has a twelve month low of $31.19 and a twelve month high of $64.58. The stock has a 50-day moving average of $41.47 and a 200-day moving average of $40.36. The company has a current ratio of 1.50, a quick ratio of 1.15, and a debt-to-equity ratio of 0.67.

TravelCenters of America (NASDAQ:TA – Get Rating ) last posted its quarterly earnings results on Monday, August 1st. The specialty retailer reported $4.34 EPS for the quarter, topping the consensus estimate of $1.11 by $3.23. TravelCenters of America had a net margin of 1.23% and a return on equity of 15.87%. During the same period in the previous year, the business reported $2.08 earnings per share. On average, research analysts predict that TravelCenters of America Inc. will report 7.56 earnings per share for the current year.

Analysts set new price targets

A number of brokerages have issued reports on TA. Citigroup upped their target price on TravelCenters of America to $85.00 in a report on Tuesday, August 9th. StockNews.com upgraded shares of TravelCenters of America from a “buy” rating to a “strong-buy” rating in a report on Friday, June 24th. Finally, TheStreet upgraded shares of TravelCenters of America from a “c” rating to a “b-” rating in a report on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $58.80, based on data from MarketBeat.

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 a variety of products and services, including diesel fuel and gasoline, as well as non-fuel products and services, such as a range of truck repair and maintenance services, diesel 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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