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

Equities research analysts at StockNews.com began coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the transportation company’s stock.

Separately, Stephens dropped their price objective 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 Stock Performance

Shares of PTSI opened at $19.72 on Friday. P.A.M. Transportation Services has a 1 year low of $13.51 and a 1 year high of $22.88. The company has a market cap of $429.50 million, a price-to-earnings 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 has a fifty day moving average of $17.54 and a 200-day moving average of $17.50.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $182.58 million for the quarter. As a group, equities analysts anticipate that P.A.M. Transportation Services will post 0.09 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently made changes to their positions in PTSI. Bank of New York Mellon Corp lifted its position in 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 valued at $944,000 after acquiring an additional 701 shares in the last quarter. Empowered Funds LLC lifted its holdings in 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 valued at $1,140,000 after purchasing an additional 3,082 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in P.A.M. Transportation Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock valued at $5,546,000 after purchasing an additional 2,808 shares during the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

P.A.M. Transportation Services Company Profile

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.