P.A.M. Transportation Services (NASDAQ:PTSI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a report released on Thursday. The brokerage issued a hold rating on the transportation company’s stock.

Separately, Stephens reduced their price objective on P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

The stock’s fifty day moving average is $17.39 and its 200 day moving average is $17.45. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 0.74. 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 market capitalization of $429.50 million, a PE ratio of -179.27 and a beta of 1.15.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 earnings per share 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 company had revenue of $182.58 million for the quarter. As a group, equities research analysts anticipate that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its stake in shares of P.A.M. Transportation Services by 5.3% during the third 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. Bank of New York Mellon Corp grew its stake in shares of P.A.M. Transportation Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock valued at $944,000 after buying an additional 701 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of P.A.M. Transportation Services during the first quarter valued at approximately $307,000. Finally, Vanguard Group Inc. grew its stake in shares of 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 valued at $5,546,000 after buying an additional 2,808 shares during the last quarter. 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.