P.A.M. Transportation Services (NASDAQ:PTSI) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Stephens lowered 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 report on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

The business’s 50 day simple moving average is $17.26 and its 200-day simple moving average is $17.40. P.A.M. Transportation Services has a 52-week low of $13.51 and a 52-week high of $22.88. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 0.74. 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 released its earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. The business 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, analysts anticipate that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of P.A.M. Transportation Services

A number of hedge funds have recently made changes to their positions in PTSI. BNP Paribas Financial Markets lifted 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 valued at $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 1st quarter worth about $307,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $944,000 after buying an additional 701 shares during the period. Empowered Funds LLC grew its stake in 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 valued at $1,140,000 after buying an additional 3,082 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in P.A.M. Transportation Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after acquiring an additional 2,808 shares during the last quarter. 22.06% of the stock is owned by institutional investors and hedge funds.

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.