P.A.M. Transportation Services (NASDAQ:PTSI) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a hold rating to a buy rating in a research note published on Tuesday morning.

Separately, Stephens decreased their target price on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an equal weight rating for the company in a research note on Friday, April 19th.

P.A.M. Transportation Services Stock Down 1.7 %

PTSI stock opened at $15.83 on Tuesday. The firm’s fifty day simple moving average is $16.31 and its 200-day simple moving average is $18.03. The company has a market capitalization of $348.73 million, a P/E ratio of 25.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.24 and a quick ratio of 2.22. P.A.M. Transportation Services has a 12 month low of $13.51 and a 12 month high of $27.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.01 EPS for the quarter. P.A.M. Transportation Services had a net margin of 1.75% and a return on equity of 4.29%. The business had revenue of $182.59 million for the quarter. As a group, equities research analysts forecast that P.A.M. Transportation Services will post 0.5 earnings per share for the current year.

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

A number of large investors have recently added to or reduced their stakes in the stock. Horrell Capital Management Inc. raised its position in P.A.M. Transportation Services by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after acquiring an additional 588 shares during the period. BNP Paribas Financial Markets raised its position in P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after acquiring an additional 837 shares during the period. Vanguard Group Inc. raised 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 period. Pinnacle Holdings LLC raised its position in P.A.M. Transportation Services by 8.3% during the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock worth $907,000 after acquiring an additional 3,361 shares during the period. Finally, Denali Advisors LLC raised its position in shares of P.A.M. Transportation Services by 30.5% in the first quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after buying an additional 5,400 shares during the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.