Los Angeles Capital Management LLC Reduces Stock Holdings in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI)

Los Angeles Capital Management LLC decreased its position in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,562 shares of the transportation company’s stock after selling 6,098 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of P.A.M. Transportation Services worth $288,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PTSI. BNP Paribas Financial Markets lifted its stake in P.A.M. Transportation Services by 38.9% in the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 837 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 2,808 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of P.A.M. Transportation Services during the first quarter worth $307,000. Finally, Bank of New York Mellon Corp lifted its position 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 worth $944,000 after acquiring an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 22.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PTSI has been the topic of several recent research reports. StockNews.com downgraded P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Stephens dropped their target price on P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

P.A.M. Transportation Services Trading Up 3.4 %

Shares of PTSI stock opened at $19.72 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.78 and a current ratio of 1.80. P.A.M. Transportation Services, Inc. has a 52-week low of $13.51 and a 52-week high of $22.88. The company has a market capitalization of $429.50 million, a PE ratio of -179.27 and a beta of 1.15. The business’s fifty day moving average is $17.22 and its 200 day moving average is $17.38.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $182.58 million for the quarter. P.A.M. Transportation Services had a negative return on equity of 0.79% and a negative net margin of 0.34%. On average, equities research analysts anticipate that P.A.M. Transportation Services, Inc. will post 0.09 EPS for the current fiscal year.

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.