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

StockNews.com downgraded shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a buy rating to a hold rating in a research note published on Friday.

Other research analysts have also issued reports about the stock. Stephens lowered their price objective on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an equal weight rating on the stock in a research note on Friday, April 19th. 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.

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

Shares of NASDAQ:PTSI opened at $17.24 on Friday. The company’s 50-day moving average price is $16.04 and its two-hundred day moving average price is $18.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.81. P.A.M. Transportation Services has a one year low of $13.51 and a one year high of $28.77. The stock has a market capitalization of $379.80 million, a PE ratio of 28.26 and a beta of 1.07.

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

Institutional Trading of P.A.M. Transportation Services

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings 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 worth $48,000 after acquiring an additional 837 shares during the period. Linden Thomas Advisory Services LLC bought a new stake in shares of P.A.M. Transportation Services during the 4th quarter worth approximately $208,000. Denali Advisors LLC lifted 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 worth $374,000 after acquiring an additional 5,400 shares during the period. Pinnacle Holdings LLC lifted its stake in 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. lifted its stake in P.A.M. Transportation Services by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock valued at $1,904,000 after purchasing an additional 588 shares during the last quarter. Institutional investors own 22.06% of the company’s stock.

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.