The stock last traded at $4.90 a tad higher than the 50 day moving average of $4.65 and which is quite a bit above the 200 day moving average of $4.28. The 50 day moving average went up $0.25 or +5.38% whereas the 200 day average was up by +14.55%. TravelCenters of America LLC shares had a trading volume of 124K in the last trading session. Volume was down 72.73% under the stocks average daily volume.
Investors are a little more bearish on shares of TravelCenters of America LLC lately if you put credence in the rise in short interest. The stock recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 10.00%. Short shares increased from 524,186 to 576,579 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.02% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (TA). As of quarter end Hanson & Doremus Investment Management had acquired 32,185 shares growing its holdings by 144.7%. The value of the investment in (TA) went from $91,000 to $231,000 a change of 153.8% since the last quarter. Raymond James Financial Services Advisors, Inc. reduced its stake by selling 7,187 shares a decrease of 11.5% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. currently owns 55,107 shares worth $234,000. The value of the position overall is down by 8.2%.
As of the end of the quarter Aperio Group, LLC had sold a total of 491 shares trimming its position 0.5%. The value of the investment in TravelCenters of America LLC decreased from $593,000 to $539,000 decreasing 9.1% for the reporting period. As of quarter end Intact Investment Management Inc. had bought 70,500 shares growing its stake by 10.5%. The value in dollars decreased from $5,562,000 to $5,419,000 a change of $143,000 quarter to quarter.
On October 11, 2017 the stock rating was rated “Sell” in a report from Citigroup down from the previous “Buy” rating.
In the latest earnings report the EPS was $-0.71 and is expected to be $-0.69 for the current year with 39,556,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.09 with next year’s EPS anticipated to be $0.04.
TravelCenters of America LLC (TravelCenters), launched on October 10, 2006, operates and franchises travel centers and convenience store and restaurant locations. The Business’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities. Its customers include trucking fleets and their drivers, independent truck drivers, highway and local motorists, and casual diners..