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

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

PTSI has been the subject of a number of other research reports. TheStreet lowered shares of P.A.M. Transportation Services from a “b-” rating to a “c+” rating in a research note on Thursday, February 1st. Stephens lowered 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 report on Friday, April 19th.

P.A.M. Transportation Services Trading Up 0.4 %

Shares of NASDAQ:PTSI traded up $0.07 during midday trading on Friday, reaching $17.24. The company had a trading volume of 9,271 shares, compared to its average volume of 19,443. The company has a fifty day simple moving average of $16.04 and a two-hundred day simple moving average of $18.34. The firm has a market cap of $379.80 million, a price-to-earnings ratio of 28.26 and a beta of 1.07. P.A.M. Transportation Services has a 1-year low of $13.51 and a 1-year high of $28.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.81 and a current ratio of 1.83.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.10) EPS for the quarter. The firm had revenue of $180.17 million for the quarter. P.A.M. Transportation Services had a net margin of 1.75% and a return on equity of 4.29%.

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

Several institutional investors and hedge funds have recently modified their holdings of PTSI. BNP Paribas Financial Markets grew its stake in shares of P.A.M. Transportation Services by 38.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock valued at $48,000 after buying an additional 837 shares in the last quarter. Linden Thomas Advisory Services LLC acquired a new position in shares of P.A.M. Transportation Services during the 4th quarter worth $208,000. Denali Advisors LLC raised its holdings 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 valued at $374,000 after purchasing an additional 5,400 shares in the last quarter. Pinnacle Holdings LLC lifted its stake in shares of P.A.M. Transportation Services by 8.3% in the 4th quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after purchasing an additional 3,361 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its holdings in P.A.M. Transportation Services by 0.5% in the first quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after purchasing an additional 588 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.