P.A.M. Transportation Services (NASDAQ:PTSI) Given New $19.00 Price Target at Stephens

P.A.M. Transportation Services (NASDAQ:PTSI) had its target price cut by Stephens from $22.00 to $19.00 in a research report released on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Separately, StockNews.com upgraded P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Monday.

P.A.M. Transportation Services Stock Performance

Shares of P.A.M. Transportation Services stock opened at $15.48 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.05. P.A.M. Transportation Services has a 52-week low of $13.51 and a 52-week high of $22.88. The company’s 50 day moving average price is $17.30 and its 200-day moving average price is $17.19.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The firm had revenue of $182.58 million for the quarter. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. On average, sell-side analysts forecast that P.A.M. Transportation Services will post -0.03 EPS for the current year.

Institutional Trading of P.A.M. Transportation Services

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted 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 valued at $48,000 after acquiring an additional 837 shares during the period. Quadrature Capital Ltd bought a new position in shares of P.A.M. Transportation Services during the first quarter valued at approximately $307,000. Denali Advisors LLC lifted its holdings in shares of P.A.M. Transportation Services by 30.5% during the first quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 5,400 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of P.A.M. Transportation Services by 1.3% in 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 last quarter. Finally, Empowered Funds LLC increased its position in P.A.M. Transportation Services by 15.8% during the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock valued at $882,000 after buying an additional 7,442 shares in the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.