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

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

Other analysts have also recently issued research reports about the stock. Stephens reduced their target price on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. TheStreet lowered P.A.M. Transportation Services from a “b-” rating to a “c+” rating in a report on Thursday, February 1st.

P.A.M. Transportation Services Stock Performance

NASDAQ:PTSI traded up $0.07 during mid-day trading on Friday, reaching $17.24. 9,271 shares of the stock were exchanged, compared to its average volume of 19,443. The stock has a market capitalization of $379.80 million, a P/E 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 50 day simple moving average of $16.04 and a 200-day simple moving average of $18.34. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC purchased a new position in P.A.M. Transportation Services during the fourth quarter worth approximately $208,000. Pacific Ridge Capital Partners LLC raised its position in shares of P.A.M. Transportation Services by 8.5% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 129,326 shares of the transportation company’s stock worth $2,787,000 after buying an additional 10,096 shares during the period. BNP Paribas Financial Markets boosted 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 last quarter. Denali Advisors LLC grew its position in P.A.M. Transportation Services by 30.5% during the first quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 5,400 shares during the period. Finally, Pinnacle Holdings LLC grew its position in P.A.M. Transportation Services by 8.3% during the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock valued at $907,000 after acquiring an additional 3,361 shares during the period. Hedge funds and other institutional investors own 22.06% of the company’s stock.

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.