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

StockNews.com began coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a research note published on Friday. The brokerage issued a hold rating on the transportation company’s stock.

Separately, Stephens cut their target price on P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th.

P.A.M. Transportation Services Stock Performance

Shares of PTSI stock opened at $19.72 on Friday. The company has a market cap of $429.50 million, a price-to-earnings ratio of -179.27 and a beta of 1.15. The stock has a 50 day simple moving average of $17.50 and a 200-day simple moving average of $17.48. P.A.M. Transportation Services has a 12-month low of $13.51 and a 12-month high of $22.88. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.74.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results 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 business had revenue of $182.58 million during 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 analysts forecast that P.A.M. Transportation Services will post 0.09 EPS for the current year.

Hedge Funds Weigh In On P.A.M. Transportation Services

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in 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 valued at $5,546,000 after purchasing an additional 2,808 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in P.A.M. Transportation Services by 1.3% during 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 buying an additional 701 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in P.A.M. Transportation Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock valued at $1,140,000 after buying an additional 3,082 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.