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

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

Separately, Stephens cut 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 note on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

The stock has a market capitalization of $429.50 million, a PE ratio of -179.27 and a beta of 1.15. The firm’s fifty day moving average is $17.26 and its 200 day moving average is $17.40. P.A.M. Transportation Services has a twelve month low of $13.51 and a twelve month high of $22.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.80 and a quick ratio of 1.78.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $182.58 million during the quarter. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. As a group, analysts expect 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

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in 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 valued at $48,000 after purchasing an additional 837 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in P.A.M. Transportation Services in the first quarter worth about $307,000. Bank of New York Mellon Corp raised its stake in shares of P.A.M. Transportation Services by 1.3% in the second 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 period. Empowered Funds LLC lifted 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 valued at $1,140,000 after buying an additional 3,082 shares in the last quarter. Finally, Vanguard Group Inc. grew 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 valued at $5,546,000 after acquiring an additional 2,808 shares during the period. Institutional investors 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.