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

Investment analysts at StockNews.com assumed coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a report issued on Thursday. The firm 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

P.A.M. Transportation Services has a 1 year low of $13.51 and a 1 year high of $22.88. The firm has a market cap of $429.50 million, a PE ratio of -179.27 and a beta of 1.15. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 0.74. The business’s 50-day simple moving average is $17.39 and its 200-day simple moving average is $17.45.

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, 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 during the quarter. On average, equities research analysts predict that P.A.M. Transportation Services will post 0.09 EPS for the current year.

Hedge Funds Weigh In On P.A.M. Transportation Services

Several hedge funds have recently bought and sold shares of PTSI. Quadrature Capital Ltd purchased a new position in P.A.M. Transportation Services in the 1st quarter valued at about $307,000. Bank of New York Mellon Corp grew its stake 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 worth $944,000 after acquiring an additional 701 shares during the period. Empowered Funds LLC raised its holdings in P.A.M. Transportation Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock valued at $1,140,000 after acquiring an additional 3,082 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in 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 acquiring an additional 2,808 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.