P.A.M. Transportation Services (NASDAQ:PTSI) Coverage Initiated at StockNews.com

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

Separately, Stephens decreased 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 research note on Tuesday, October 29th.

P.A.M. Transportation Services Stock Performance

The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.74. 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 stock has a fifty day simple moving average of $17.26 and a 200 day simple moving average of $17.40.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. The business had revenue of $182.58 million for the quarter. As a group, equities analysts predict that P.A.M. Transportation Services will post 0.09 EPS for the current year.

Institutional Trading of P.A.M. Transportation Services

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in P.A.M. Transportation Services by 38.9% in the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after purchasing an additional 837 shares during the period. 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 worth $5,546,000 after purchasing an additional 2,808 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 worth $944,000 after buying an additional 701 shares during the last quarter. Quadrature Capital Ltd bought a new position in P.A.M. Transportation Services during the 1st quarter valued at approximately $307,000. Finally, Empowered Funds LLC raised its stake 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 buying an additional 3,082 shares during the last quarter. 22.06% of the stock is owned by hedge funds and other institutional investors.

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.