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

Analysts at StockNews.com initiated coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a research note issued to investors on Saturday. 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 business’s 50-day moving average price is $17.54 and its 200 day moving average price is $17.50. 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 quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 0.74. The stock has a market cap of $429.50 million, a PE ratio of -179.27 and a beta of 1.15.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share (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 company had revenue of $182.58 million for the quarter. On average, sell-side analysts expect that P.A.M. Transportation Services will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its stake 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 during the period. Bank of New York Mellon Corp boosted 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. Finally, Vanguard Group Inc. grew its holdings in 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 purchasing an additional 2,808 shares during the last quarter. 22.06% of the stock is 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.