P.A.M. Transportation Services (NASDAQ:PTSI) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a hold rating to a buy rating in a report issued on Thursday morning.

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

P.A.M. Transportation Services Stock Performance

NASDAQ PTSI opened at $17.37 on Thursday. The company has a market capitalization of $377.88 million, a P/E ratio of 28.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.22 and a current ratio of 2.24. P.A.M. Transportation Services has a 52-week low of $13.51 and a 52-week high of $27.44. The company has a fifty day moving average of $16.48 and a 200-day moving average of $17.75.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position 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 acquiring an additional 837 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in shares of P.A.M. Transportation Services during the fourth quarter valued at approximately $208,000. Quadrature Capital Ltd bought a new position in shares of P.A.M. Transportation Services in the first quarter worth approximately $307,000. Denali Advisors LLC increased its stake 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 worth $374,000 after buying an additional 5,400 shares during the period. Finally, Pinnacle Holdings LLC boosted its position in P.A.M. Transportation Services by 8.3% during the 4th quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after buying an additional 3,361 shares during the period. 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.