P.A.M. Transportation Services (NASDAQ:PTSI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a buy rating to a hold rating in a research note released on Thursday.

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

P.A.M. Transportation Services Trading Up 3.7 %

NASDAQ:PTSI opened at $19.07 on Thursday. The business’s 50-day moving average is $17.19 and its two-hundred day moving average is $17.34. The firm has a market capitalization of $415.15 million, a PE ratio of -173.36 and a beta of 1.15. 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 debt-to-equity ratio of 0.69, a current ratio of 2.05 and a quick ratio of 2.03.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly 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 return on equity of 0.79% and a negative net margin of 0.34%. The firm had revenue of $182.58 million for the quarter. Research analysts predict that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in P.A.M. Transportation Services by 38.9% during 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 last quarter. Quadrature Capital Ltd acquired a new stake in shares of P.A.M. Transportation Services during the first quarter worth approximately $307,000. Empowered Funds LLC grew its position in shares of P.A.M. Transportation Services by 15.8% during the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock worth $882,000 after buying an additional 7,442 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of P.A.M. Transportation Services by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock worth $944,000 after buying an additional 701 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 acquiring an additional 2,808 shares in the last quarter. Hedge funds and other 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.