Los Angeles Capital Management LLC Cuts Stake in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI)

Los Angeles Capital Management LLC reduced its position in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 22.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,660 shares of the transportation company’s stock after selling 6,210 shares during the quarter. Los Angeles Capital Management LLC owned 0.10% of P.A.M. Transportation Services worth $376,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of P.A.M. Transportation Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock valued at $5,546,000 after acquiring an additional 2,808 shares in the last quarter. Horrell Capital Management Inc. raised its stake in shares of P.A.M. Transportation Services by 0.5% in the first quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after purchasing an additional 588 shares during the last quarter. Empowered Funds LLC raised its stake in shares of P.A.M. Transportation Services by 15.8% in the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock worth $882,000 after purchasing an additional 7,442 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of P.A.M. Transportation Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock valued at $944,000 after purchasing an additional 701 shares in the last quarter. Finally, Pinnacle Holdings LLC boosted its position in shares of P.A.M. Transportation Services by 8.3% during the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after buying an additional 3,361 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other P.A.M. Transportation Services news, Director Matthew T. Moroun acquired 4,073,700 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average price of $18.18 per share, with a total value of $74,059,866.00. Following the completion of the acquisition, the director now owns 10,427,848 shares in the company, valued at approximately $189,578,276.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 68.55% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th.

P.A.M. Transportation Services Trading Up 2.4 %

NASDAQ:PTSI opened at $17.62 on Friday. The company has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $16.97. The company has a market cap of $383.24 million, a PE ratio of 28.89 and a beta of 1.12. The company has a current ratio of 2.05, a quick ratio of 2.03 and a debt-to-equity ratio of 0.69. P.A.M. Transportation Services, Inc. has a 12 month low of $13.51 and a 12 month high of $22.91.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.21). P.A.M. Transportation Services had a return on equity of 0.40% and a net margin of 0.17%. The firm had revenue of $182.95 million during the quarter. Research analysts forecast that P.A.M. Transportation Services, Inc. will post -0.03 earnings per share for the current year.

P.A.M. Transportation Services 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.