P.A.M. Transportation Services (NASDAQ:PTSI) Now Covered by 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 Thursday. The brokerage set a “hold” rating on the transportation company’s stock.

Separately, Stephens dropped their price objective 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 note on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

The firm has a 50 day simple moving average of $17.34 and a two-hundred day simple moving average of $17.43. P.A.M. Transportation Services has a 12-month low of $13.51 and a 12-month high of $22.88. The stock has a market cap of $429.50 million, a P/E ratio of -179.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.78 and a current ratio of 1.80.

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

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

Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in P.A.M. Transportation Services in the 1st quarter valued at $307,000. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 701 shares during the period. Empowered Funds LLC grew its stake 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 worth $1,140,000 after purchasing an additional 3,082 shares during the period. 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 worth $5,546,000 after purchasing an additional 2,808 shares during the period. 22.06% of the stock is owned by institutional investors and hedge funds.

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.