P.A.M. Transportation Services (NASDAQ:PTSI) Now Covered by StockNews.com

Research 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 Saturday. The brokerage set a “hold” rating on the transportation company’s stock.

Separately, Stephens cut their price objective 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 company’s 50 day simple moving average is $17.54 and its 200-day simple moving average is $17.50. P.A.M. Transportation Services has a 52-week low of $13.51 and a 52-week 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 price-to-earnings ratio of -179.27 and a beta of 1.15.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results 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 business had revenue of $182.58 million during the quarter. As a group, equities research analysts anticipate that P.A.M. Transportation Services will post 0.09 EPS for the current year.

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

Large investors have recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in 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. Bank of New York Mellon Corp boosted its position in shares of P.A.M. Transportation Services by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock worth $944,000 after acquiring an additional 701 shares during the last quarter. Finally, Vanguard Group Inc. grew 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 valued at $5,546,000 after acquiring an additional 2,808 shares in the last quarter. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

P.A.M. Transportation Services Company Profile

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.