P.A.M. Transportation Services (NASDAQ:PTSI) Upgraded to "Buy" by StockNews.com

P.A.M. Transportation Services (NASDAQ:PTSI - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

P.A.M. Transportation Services Stock Down 4.1 %

Shares of NASDAQ PTSI traded down $0.66 during trading on Monday, hitting $15.49. The stock had a trading volume of 13,440 shares, compared to its average volume of 21,026. The firm has a fifty day moving average of $17.39 and a two-hundred day moving average of $17.20. The company has a market capitalization of $337.22 million, a PE ratio of -140.82 and a beta of 1.12. 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 has a 12 month low of $13.51 and a 12 month high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI - Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm had revenue of $182.58 million for the quarter. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. As a group, equities research analysts forecast 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

Several institutional investors have recently bought and sold shares of PTSI. Bank of New York Mellon Corp raised its stake in shares of P.A.M. Transportation Services by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company's stock valued at $944,000 after buying an additional 701 shares during the period. Quadrature Capital Ltd bought a new position in P.A.M. Transportation Services during the first quarter worth about $307,000. Vanguard Group Inc. increased its stake in shares of P.A.M. Transportation Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company's stock worth $5,546,000 after purchasing an additional 2,808 shares in the last quarter. Empowered Funds LLC raised its position in shares of P.A.M. Transportation Services by 15.8% in the first quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company's stock valued at $882,000 after purchasing an additional 7,442 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of P.A.M. Transportation Services by 38.9% during 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. 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.

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