P.A.M. Transportation Services (NASDAQ:PTSI) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a report released on Wednesday morning. The firm issued a hold rating on the transportation company’s stock.

Separately, Stephens dropped their target price on shares of 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 Price Performance

P.A.M. Transportation Services has a 1 year low of $13.51 and a 1 year high of $22.88. The business’s 50 day moving average price is $17.26 and its 200 day moving average price is $17.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.78 and a current ratio of 1.80. The company has a market cap of $429.50 million, a PE ratio of -179.27 and a beta of 1.15.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its earnings results on Thursday, October 24th. The transportation company reported $0.11 EPS for the quarter, topping the consensus estimate 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. On average, equities analysts anticipate that P.A.M. Transportation Services will post 0.09 EPS for the current year.

Institutional Investors Weigh In On P.A.M. Transportation Services

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of P.A.M. Transportation Services by 38.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after purchasing an additional 837 shares during the period. Vanguard Group Inc. raised its holdings in shares of P.A.M. Transportation Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after purchasing an additional 2,808 shares during the period. Bank of New York Mellon Corp raised its holdings 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 worth $944,000 after purchasing an additional 701 shares during the period. Quadrature Capital Ltd bought a new stake in shares of P.A.M. Transportation Services in the 1st quarter worth approximately $307,000. Finally, Empowered Funds LLC raised its holdings in shares of P.A.M. Transportation Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 3,082 shares during the period. Institutional investors own 22.06% of the company’s stock.

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.