StockNews.com Begins Coverage on P.A.M. Transportation Services (NASDAQ:PTSI)

Research analysts at StockNews.com began coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a report released on Thursday. The firm set a “hold” rating on the transportation company’s stock.

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

P.A.M. Transportation Services Stock Performance

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 debt-to-equity ratio of 0.74, a quick ratio of 1.78 and a current ratio of 1.80. The firm’s 50-day moving average price is $17.39 and its 200-day moving average price is $17.45. P.A.M. Transportation Services has a 1 year low of $13.51 and a 1 year high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $182.58 million during the quarter. Equities analysts forecast that P.A.M. Transportation Services will post 0.09 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 added to or reduced their stakes in PTSI. Vanguard Group Inc. increased its holdings 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 worth $5,546,000 after purchasing an additional 2,808 shares during the last quarter. Empowered Funds LLC grew its position in shares of P.A.M. Transportation Services by 5.3% during the third quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock worth $1,140,000 after buying an additional 3,082 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 worth $944,000 after buying an additional 701 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in P.A.M. Transportation Services in the first quarter valued at $307,000. Hedge funds and other 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.