StockNews.com Downgrades P.A.M. Transportation Services (NASDAQ:PTSI) to Hold

StockNews.com downgraded shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other equities research analysts have also weighed in on PTSI. Stephens dropped their price target on P.A.M. Transportation Services from $19.00 to $17.00 and set an equal weight rating on the stock in a research note on Friday, April 19th. TheStreet downgraded shares of P.A.M. Transportation Services from a b- rating to a c+ rating in a research note on Thursday, February 1st.

P.A.M. Transportation Services Stock Performance

Shares of PTSI opened at $17.26 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.65. The firm has a market cap of $380.24 million, a PE ratio of 28.30 and a beta of 1.07. P.A.M. Transportation Services has a 12 month low of $13.51 and a 12 month high of $28.77. The stock has a fifty day moving average price of $16.01 and a 200-day moving average price of $18.28.

Institutional Trading of P.A.M. Transportation Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC purchased a new position in shares of P.A.M. Transportation Services during the 4th quarter valued at about $208,000. Pacific Ridge Capital Partners LLC raised its position in P.A.M. Transportation Services by 8.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 129,326 shares of the transportation company’s stock valued at $2,787,000 after acquiring an additional 10,096 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in 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 valued at $48,000 after acquiring an additional 837 shares during the period. Empowered Funds LLC boosted its position in P.A.M. Transportation Services by 15.8% in the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock worth $882,000 after purchasing an additional 7,442 shares in the last quarter. Finally, Denali Advisors LLC grew its stake in shares of P.A.M. Transportation Services by 30.5% during the 1st quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock worth $374,000 after purchasing an additional 5,400 shares during the period. 22.06% of the stock is currently 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.