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

P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Separately, Stephens decreased their target price on 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 Stock Performance

P.A.M. Transportation Services stock traded down $0.61 during mid-day trading on Thursday, hitting $18.39. 11,593 shares of the company’s stock traded hands, compared to its average volume of 21,762. The firm has a 50 day simple moving average of $17.17 and a two-hundred day simple moving average of $17.28. P.A.M. Transportation Services has a fifty-two week low of $13.51 and a fifty-two week high of $22.88. The stock has a market cap of $400.35 million, a price-to-earnings ratio of -167.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.05 and a quick ratio of 2.03.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. P.A.M. Transportation Services had a negative return on equity of 0.79% and a negative net margin of 0.34%. The company had revenue of $182.58 million during the quarter. On average, research analysts expect that P.A.M. Transportation Services will post -0.03 EPS for the current fiscal year.

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

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after buying an additional 837 shares in the last quarter. Empowered Funds LLC increased its holdings 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 acquiring an additional 7,442 shares during the last quarter. Vanguard Group Inc. increased its holdings in P.A.M. Transportation Services by 0.8% in the 1st 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. Quadrature Capital Ltd bought a new position in P.A.M. Transportation Services in the 1st quarter worth about $307,000. Finally, Bank of New York Mellon Corp boosted its stake in P.A.M. Transportation Services by 1.3% in 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. 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.