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

Equities research analysts at StockNews.com began 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 target price on shares of P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

The stock has a market cap of $429.50 million, a price-to-earnings 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. 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 fifty day moving average price of $17.26 and a two-hundred day moving average price of $17.40.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $182.58 million during the quarter. As a group, analysts expect that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in PTSI. BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 837 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of P.A.M. Transportation Services during the 1st quarter valued at $307,000. Bank of New York Mellon Corp increased its holdings in shares of P.A.M. Transportation Services by 1.3% during 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. Empowered Funds LLC boosted its holdings in 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 during the last quarter. Finally, Vanguard Group Inc. increased its stake in P.A.M. Transportation Services by 0.8% during the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after acquiring an additional 2,808 shares during the last quarter. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

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.