P.A.M. Transportation Services (NASDAQ:PTSI) Given New $19.00 Price Target at Stephens

P.A.M. Transportation Services (NASDAQ:PTSI) had its price objective reduced by Stephens from $22.00 to $19.00 in a research report report published on Tuesday, Benzinga reports. Stephens currently has an equal weight rating on the transportation company’s stock.

Separately, StockNews.com raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research note on Monday.

P.A.M. Transportation Services Price Performance

Shares of PTSI stock opened at $15.00 on Tuesday. The company has a market capitalization of $326.55 million, a P/E ratio of -135.91 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 has a 12 month low of $13.51 and a 12 month high of $22.88. The stock has a 50 day moving average of $17.36 and a two-hundred day moving average of $17.20.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. The firm had revenue of $182.58 million for the quarter. As a group, equities analysts expect that P.A.M. Transportation Services will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PTSI. Bank of New York Mellon Corp boosted its stake in shares of P.A.M. Transportation Services by 1.3% in the 2nd 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. BNP Paribas Financial Markets increased its holdings in shares of P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after buying an additional 837 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of P.A.M. Transportation Services by 0.8% in 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 during the last quarter. Denali Advisors LLC raised its stake in shares of P.A.M. Transportation Services by 30.5% in 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 during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of P.A.M. Transportation Services by 15.8% in the 1st 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 in the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

About P.A.M. Transportation Services

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.