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 research note published on Saturday. The brokerage issued a hold rating on the transportation company’s stock.

Separately, Stephens cut 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 Stock Performance

The stock has a market cap of $429.50 million, a P/E ratio of -179.27 and a beta of 1.15. 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 company has a fifty day moving average of $17.54 and a 200 day moving average of $17.50. P.A.M. Transportation Services has a 12 month low of $13.51 and a 12 month high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 earnings per share 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%. 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 and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in shares of 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. Bank of New York Mellon Corp grew its holdings in P.A.M. Transportation Services by 1.3% in 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 purchasing an additional 701 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of P.A.M. Transportation Services by 0.8% in 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 in the last quarter. 22.06% of the stock is currently owned by institutional investors and hedge funds.

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.