P.A.M. Transportation Services (NASDAQ:PTSI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a report issued on Friday morning. The brokerage issued a hold rating on the transportation company’s stock.

Separately, Stephens reduced their price objective 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 Trading Up 3.4 %

Shares of P.A.M. Transportation Services stock opened at $19.72 on Friday. The firm has a market capitalization of $429.50 million, a price-to-earnings ratio of -179.27 and a beta of 1.15. P.A.M. Transportation Services has a fifty-two week low of $13.51 and a fifty-two week high of $22.88. 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 stock has a 50 day moving average of $17.50 and a 200 day moving average of $17.48.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.11 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 business had revenue of $182.58 million during the quarter. As a group, research analysts predict that P.A.M. Transportation Services will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PTSI. Empowered Funds LLC boosted its position 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. Vanguard Group Inc. boosted its position in shares of P.A.M. Transportation Services by 0.8% in the 1st 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 period. Finally, 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 valued at $944,000 after purchasing an additional 701 shares during the period. 22.06% of the stock is 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.