The most recent Form 13F filing that Delphia USA INC made with the Securities and Exchange Commission revealed that during the third quarter of 2018, the company increased its holdings in TravelCenters of America INC (NASDAQ: TA).
The fund spent nearly $431,000 to acquire 7,985 shares of the specialty retailer’s stock.
The total cost of the transaction was approximately $431,000.
Delphia USA INC stated in its most recent report to the Securities and Exchange Commission that it owned approximately 0.05% of TravelCenters of America.
This information was derived from the company’s most recent financial statements.
In addition, hedge funds and various other institutional investors have altered how they invest in the company to take advantage of recent developments.
The Healthcare of Ontario Pension Plan Trust Fund increased its investment in TravelCenters of America by an additional $16,179,000 during the third quarter, bringing the total amount of money it has invested to $16,179,000.
During the third quarter, Mesirow Institutional Investment Management INC purchased a new position in TravelCenters of America and invested $11,404,000.
During the second quarter, Deutsche Bank AG successfully increased its ownership in TravelCenters of America by 176.2%.
After making an additional purchase of 83,458 shares during the preceding quarter, Deutsche Bank AG now possesses 130,812 shares of the specialty retailer, valued at $4,509,000.
This brings the total number of shares that the company owns to a total of 130,812.
During the third quarter, AMH Equity Ltd increased its percentage ownership in TravelCenters of America by 111.5%.
As a result of the company’s purchase of an additional 60,922 shares during the most recent quarter, AMH Equity Ltd now owns 115,560 shares of the specialty retailer’s stock.
The current market price for these shares is $6,230,000.
Additionally, during the first quarter of this year, the ownership stake that Arrowstreet Capital Limited Partnership held in TravelCenters of America increased by 182.1 percent.
This growth occurred over the first three months of the year.
After purchasing an additional 52,500 shares during the most recent quarter, Arrowstreet Capital Limited Partnership now owns 81,337 of the specialty retailer’s shares, with a market value of $3,494,000.
These shares were acquired to bring the total number of shares owned by the limited partnership up to 81,337. 71.90 hedge funds and other institutional investors hold a percent of the company’s shares.
The NASDAQ: TA ticker finished the trading day on Friday at $84.31, up $0.03 from the previous day.
Three hundred forty thousand five hundred fifty-five shares of the company’s stock were traded, with an average volume of 558,869.
Three hundred forty thousand five hundred fifty-five shares of the company’s stock were traded, with an average volume of 558,869.
The total volume of shares traded was 340,555.
The moving average of the company’s stock price over the past 50 days is $50.66, and the moving average of its stock price over the past 200 days is $53.03.
The company’s market capitalization is currently sitting at $1.25 billion, its price-to-earnings ratio stands at 9.61, and its beta stands at 1.67.
A debt-to-equity ratio comes in at 0.64; a quick ratio at 1.13; a current ratio at 1.51; and a quick ratio at 1.13. Over the last 52 weeks, the share price of TravelCenters of America INC has ranged from a low of $31.19 to a high of $84.60.
The viewpoints of various equity research analysts have been discussed on the subject of business.
The “buy” recommendation that Benchmark previously had for TravelCenters of America has been downgraded to a “hold” rating in a research report that was made available to the general public on February 17, 2019.
BMO Capital Markets raised their price target on TravelCenters of America from $60.00 to $86.00 and designated the stock as “market perform” in a research note published on Friday, February 17. On November 2, StockNews.com changed their “buy” rating for TravelCenters of America to a “strong-buy,” reflecting a lower level of enthusiasm for the company’s stock.
B. Riley raised their price target on TravelCenters of America from $75.00 to $80.00 in a research note published on Friday, February 17.
The final and most significant adjustment was made here.
Their less favorable opinion of the company is reflected in the fact that they changed their recommendation for the company from “buy” to “neutral.” The recommendations of four research analysts are for investors to keep their current position with the stock, while the recommendation of a single research analyst is for investors to purchase the stock.
The current rating for TravelCenters of America among investors is “Hold,” The website Bloomberg.com reports that the average price target for the company’s stock is $80.50.
Within the United States and Canada, TravelCenters of America INC manages various establishments, including restaurants, truck service stations, and travel centers. Customers can access a wide range of products and services at the travel centers owned and operated by this company.
These goods and services include gasoline and diesel fuel and goods and services unrelated to fuel, such as truck maintenance and repair, diesel exhaust fluids, full-service restaurants, quick-service restaurants, and various customer amenities. Other goods and services not related to fuel include diesel exhaust fluids.
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