P.A.M. Transportation Services (NASDAQ:PTSI) Stock Rating Lowered by StockNews.com

P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Stephens dropped their price target 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 Up 3.7 %

PTSI stock opened at $19.07 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.03 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $17.19 and its 200 day moving average price is $17.32. P.A.M. Transportation Services has a 52 week low of $13.51 and a 52 week high of $22.88. The company has a market cap of $415.15 million, a P/E ratio of -173.36 and a beta of 1.15.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced 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 for the quarter. On average, research analysts expect that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

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

A number of large investors have recently bought and sold shares of PTSI. Empowered Funds LLC lifted its position in shares of P.A.M. Transportation Services by 5.3% in the third 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 701 shares in the last quarter. Quadrature Capital Ltd purchased a new position in P.A.M. Transportation Services in the 1st quarter valued at about $307,000. Vanguard Group Inc. boosted its stake in shares of 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. Finally, BNP Paribas Financial Markets grew its holdings in shares of P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after buying an additional 837 shares in the last quarter. Institutional investors and hedge funds 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.