P.A.M. Transportation Services (NASDAQ:PTSI) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a hold rating to a buy rating in a research report released on Thursday morning.

Separately, Stephens dropped their target price on P.A.M. Transportation Services from $19.00 to $17.00 and set an equal weight rating for the company in a research report on Friday, April 19th.

P.A.M. Transportation Services Stock Performance

NASDAQ PTSI opened at $16.00 on Thursday. The business’s 50 day moving average price is $16.41 and its 200-day moving average price is $17.78. P.A.M. Transportation Services has a fifty-two week low of $13.51 and a fifty-two week high of $27.44. The company has a market cap of $348 million, a P/E ratio of 26.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.22 and a current ratio of 2.24.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Thursday, April 18th. The transportation company reported $0.01 earnings per share for the quarter. P.A.M. Transportation Services had a net margin of 1.75% and a return on equity of 4.29%. The business had revenue of $182.59 million for the quarter. Sell-side analysts predict that P.A.M. Transportation Services will post 0.5 earnings per share for the current year.

Institutional Trading of P.A.M. Transportation Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in P.A.M. Transportation Services in the 1st quarter worth about $307,000. Linden Thomas Advisory Services LLC purchased a new position in shares of P.A.M. Transportation Services during the fourth quarter worth approximately $208,000. Empowered Funds LLC increased its position in shares of P.A.M. Transportation Services by 15.8% during the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock worth $882,000 after acquiring an additional 7,442 shares during the period. Denali Advisors LLC raised its stake in shares of P.A.M. Transportation Services by 30.5% during the first quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 5,400 shares in the last quarter. Finally, Pinnacle Holdings LLC boosted its holdings in shares of P.A.M. Transportation Services by 8.3% in the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after purchasing an additional 3,361 shares during the period. 22.06% of the stock is currently owned by institutional investors.

P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.