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

StockNews.com initiated coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the transportation company’s stock.

Separately, Stephens lowered their price target on shares of P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

P.A.M. Transportation Services has a 52 week low of $13.51 and a 52 week high of $22.88. The stock’s 50-day simple moving average is $17.26 and its 200 day simple moving average is $17.40. The stock has a market capitalization of $429.50 million, a P/E ratio of -179.27 and a beta of 1.15. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.74.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 EPS for the quarter, beating 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. Research analysts anticipate that P.A.M. Transportation Services will post 0.09 earnings per share for the current year.

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

A number of institutional investors have recently made changes to their positions in PTSI. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 837 shares in the last quarter. Quadrature Capital Ltd bought a new position in P.A.M. Transportation Services during the 1st quarter valued at $307,000. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 701 shares in the last quarter. Empowered Funds LLC grew its holdings in P.A.M. Transportation Services by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock worth $1,140,000 after acquiring an additional 3,082 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of P.A.M. Transportation Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after purchasing 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.