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

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

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

P.A.M. Transportation Services Price Performance

NASDAQ PTSI opened at $19.72 on Thursday. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 0.74. The stock 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 has a 12-month low of $13.51 and a 12-month high of $22.88. The company has a 50 day moving average price of $17.39 and a two-hundred day moving average price of $17.45.

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 the consensus estimate of $0.02 by $0.09. The business had revenue of $182.58 million during the quarter. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. As a group, equities analysts predict that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in 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 buying an additional 2,808 shares during the period. Empowered Funds LLC grew its stake in shares of P.A.M. Transportation Services by 5.3% in the third 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 during the last quarter. Bank of New York Mellon Corp increased its position in 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 worth $944,000 after acquiring an additional 701 shares during the period. Finally, Quadrature Capital Ltd bought a new position in P.A.M. Transportation Services during the first quarter worth $307,000. Institutional investors own 22.06% of the company’s stock.

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.