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

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

Separately, Stephens cut their target price 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 Stock Performance

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 price-to-earnings ratio of -179.27 and a beta of 1.15. The company has a 50-day moving average price of $17.39 and a 200 day moving average price of $17.45. P.A.M. Transportation Services has a twelve month low of $13.51 and a twelve month high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $182.58 million during the quarter. P.A.M. Transportation Services had a negative return on equity of 0.79% and a negative net margin of 0.34%. Analysts forecast 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

Several institutional investors and hedge funds have recently bought and sold shares of PTSI. Bank of New York Mellon Corp boosted its position 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 purchasing an additional 701 shares in the last quarter. Vanguard Group Inc. increased its position in P.A.M. Transportation Services by 0.8% during the 1st 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 in the last quarter. Empowered Funds LLC raised its stake in 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 valued at $1,140,000 after buying an additional 3,082 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in P.A.M. Transportation Services in the first quarter worth about $307,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.