P.A.M. Transportation Services (NASDAQ:PTSI) Upgraded to Buy at StockNews.com

P.A.M. Transportation Services (NASDAQ:PTSI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Stephens cut their price target on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th.

P.A.M. Transportation Services Price Performance

Shares of PTSI opened at $15.95 on Thursday. P.A.M. Transportation Services has a twelve month low of $13.51 and a twelve month high of $27.44. The firm’s fifty day simple moving average is $16.37 and its 200-day simple moving average is $17.80. The firm has a market capitalization of $346.91 million, a price-to-earnings ratio of 26.15 and a beta of 1.14. The company has a current ratio of 2.24, a quick ratio of 2.22 and a debt-to-equity ratio of 0.70.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.01 earnings per share for the quarter. P.A.M. Transportation Services had a net margin of 1.75% and a return on equity of 4.29%. The business had revenue of $182.59 million for the quarter. Equities analysts forecast that P.A.M. Transportation Services will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On P.A.M. Transportation Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new position in P.A.M. Transportation Services in the first quarter valued at $307,000. Linden Thomas Advisory Services LLC acquired a new position in P.A.M. Transportation Services in the fourth quarter valued at $208,000. Empowered Funds LLC increased its stake in P.A.M. Transportation Services by 15.8% in the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock valued at $882,000 after purchasing an additional 7,442 shares during the period. Denali Advisors LLC increased its stake in P.A.M. Transportation Services by 30.5% in the first quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 5,400 shares during the period. Finally, Pinnacle Holdings LLC increased its stake in P.A.M. Transportation Services by 8.3% in the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after purchasing an additional 3,361 shares during the period. 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.