Travelcenters Amer (TA) Share Price Declined While Sterneck Capital Management Has Lowered Its Holding by $586,580; Lone Pine Capital Has Lifted Its Electronic Arts (EA) Position

May 12, 2018 - By Ruchi Gupta

TravelCenters of America LLC (NASDAQ:TA) Logo

Stephen Mandel increased its stake in Electronic Arts Inc (EA) by 72.6% based on its latest 2017Q4 regulatory filing with the SEC. Lone Pine Capital Llc bought 3.07 million shares as the company’s stock rose 13.17% while stock markets declined. The hedge fund run by Stephen Mandel held 7.31 million shares of the prepackaged software company at the end of 2017Q4, valued at $767.80M, up from 4.23 million at the end of the previous reported quarter. Lone Pine Capital Llc who had been investing in Electronic Arts Inc for a number of months, seems to be bullish on the $40.74B market cap company. The stock decreased 0.71% or $0.95 during the last trading session, reaching $132.81. About 2.57M shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 34.78% since May 12, 2017 and is uptrending. It has outperformed by 23.23% the S&P500.

Sterneck Capital Management Llc decreased its stake in Travelcenters Amer Llc (TA) by 16.92% based on its latest 2017Q4 regulatory filing with the SEC. Sterneck Capital Management Llc sold 146,645 shares as the company’s stock declined 16.87% with the market. The institutional investor held 720,064 shares of the automotive aftermarket company at the end of 2017Q4, valued at $2.95M, down from 866,709 at the end of the previous reported quarter. Sterneck Capital Management Llc who had been investing in Travelcenters Amer Llc for a number of months, seems to be less bullish one the $126.00 million market cap company. It closed at $3.15 lastly. It is up 42.50% since May 12, 2017 and is downtrending. It has underperformed by 54.05% the S&P500.

Among 3 analysts covering TravelCenters of America (NYSE:TA), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. TravelCenters of America had 17 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, August 9 by Craig Hallum. As per Wednesday, November 9, the company rating was maintained by FBR Capital. The rating was upgraded by Citigroup to “Neutral” on Friday, December 8. Citigroup maintained the stock with “Buy” rating in Monday, March 21 report. The stock has “Buy” rating by FBR Capital on Wednesday, August 30. The firm has “Neutral” rating given on Monday, March 5 by Citigroup. The firm has “Buy” rating by Citigroup given on Thursday, October 6. The stock has “Outperform” rating by FBR Capital on Wednesday, May 10. FBR Capital maintained TravelCenters of America LLC (NASDAQ:TA) rating on Thursday, March 2. FBR Capital has “Outperform” rating and $11 target. The stock of TravelCenters of America LLC (NASDAQ:TA) earned “Buy” rating by FBR Capital on Thursday, November 30.

More recent TravelCenters of America LLC (NASDAQ:TA) news were published by: Globenewswire.com which released: “Report: Exploring Fundamental Drivers Behind Preformed Line Products, Seacoast Banking Corporation of Florida …” on May 04, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For May 7, 2018” on May 07, 2018. Businesswire.com‘s news article titled: “Hospitality Properties Trust Announces First Quarter 2018 Results” with publication date: May 09, 2018 was also an interesting one.

Sterneck Capital Management Llc, which manages about $314.88M and $167.09M US Long portfolio, upped its stake in Ishares Tr (EFA) by 8,425 shares to 12,325 shares, valued at $867,000 in 2017Q4, according to the filing. It also increased its holding in Jp Morgan Exchange Traded Fd by 12,130 shares in the quarter, for a total of 62,345 shares, and has risen its stake in International Business Machs (NYSE:IBM).

Investors sentiment is 1 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 11 investors sold TA shares while 23 reduced holdings. only 16 funds opened positions while 18 raised stakes. 12.16 million shares or 2.40% more from 11.88 million shares in 2017Q3 were reported. Bridgeway Cap Management has 0.02% invested in TravelCenters of America LLC (NASDAQ:TA) for 556,450 shares. 14,535 are owned by Cubist Systematic Strategies Ltd Liability Company. Forward Mngmt Ltd Liability holds 251,800 shares. Connor Clark Lunn Inv Management Ltd, a British Columbia – Canada-based fund reported 17,941 shares. Dimensional Fund Advsrs Limited Partnership invested in 0% or 696,178 shares. 227,331 are owned by Morgan Stanley. 100,200 are held by Product Prns Ltd Limited Liability Company. Blackrock Inc has 17,733 shares. The United Kingdom-based Gsa Capital Partners Limited Liability Partnership has invested 0.09% in TravelCenters of America LLC (NASDAQ:TA). Moreover, Tower Capital Ltd Liability Company (Trc) has 0% invested in TravelCenters of America LLC (NASDAQ:TA) for 528 shares. Jnba Fincl owns 30 shares or 0% of their US portfolio. The New York-based Alpine Woods Investors Ltd Liability Co has invested 0.05% in TravelCenters of America LLC (NASDAQ:TA). Alabama-based Wealthtrust has invested 0% in TravelCenters of America LLC (NASDAQ:TA). Citadel Ltd Liability Corporation holds 0% in TravelCenters of America LLC (NASDAQ:TA) or 16,380 shares. Citigroup owns 3,056 shares or 0% of their US portfolio.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.30, from 1.15 in 2017Q3. It is negative, as 82 investors sold EA shares while 234 reduced holdings. 85 funds opened positions while 184 raised stakes. 280.71 million shares or 0.12% less from 281.04 million shares in 2017Q3 were reported. Cornerstone Advisors Inc reported 18,000 shares stake. 169 are held by Natl Bank. University Of Texas Managment has invested 0.05% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Gilder Gagnon Howe And Company reported 0.06% stake. Alps Inc holds 4,567 shares or 0% of its portfolio. Kames Capital Public Ltd Co holds 12,766 shares. Prudential Financial holds 602,071 shares or 0.09% of its portfolio. Polar Llp reported 231,625 shares stake. Mark Sheptoff Finance Planning Limited Liability Corporation invested 0.01% in Electronic Arts Inc. (NASDAQ:EA). Eaton Vance Management has invested 0.02% in Electronic Arts Inc. (NASDAQ:EA). Susquehanna Intl Grp Ltd Liability Partnership owns 504,193 shares for 0.02% of their portfolio. Ajo Ltd Partnership, a Pennsylvania-based fund reported 71,206 shares. Cohen Klingenstein Lc accumulated 11,858 shares or 0.18% of the stock. Private Advisor Group Ltd stated it has 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Dsm Prns Limited holds 0% of its portfolio in Electronic Arts Inc. (NASDAQ:EA) for 745 shares.

Among 29 analysts covering Electronic Arts (NASDAQ:EA), 26 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Electronic Arts had 97 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by M Partners on Wednesday, October 14. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Overweight” rating by Morgan Stanley on Wednesday, October 18. As per Sunday, November 19, the company rating was maintained by KeyBanc Capital Markets. On Monday, May 23 the stock rating was maintained by Benchmark with “Buy”. The company was maintained on Thursday, May 12 by Stifel Nicolaus. The stock of Electronic Arts Inc. (NASDAQ:EA) earned “Buy” rating by Mizuho on Friday, October 30. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, March 26 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Friday, April 13 report. Bank of America maintained it with “Buy” rating and $131.0 target in Wednesday, October 18 report. The firm earned “Buy” rating on Friday, July 28 by Piper Jaffray.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Investorplace.com which released: “Activision Blizzard, Inc. Is the Best US Video Game Stock” on May 11, 2018, also Investorplace.com with their article: “3 Earnings Reports to Watch Next Week” published on May 04, 2018, Seekingalpha.com published: “Live Services Are Like Taxes For Gamers” on May 07, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Nasdaq.com and their article: “Electronic Arts Rides the Esports Wave” published on May 11, 2018 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Thursday Morning” with publication date: May 09, 2018.

Electronic Arts Inc. (NASDAQ:EA) Institutional Positions Chart

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