PAMT (NASDAQ:PAMT) Raised to Hold at Wall Street Zen

PAMT (NASDAQ:PAMT) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings upgraded shares of PAMT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PAMT currently has a consensus rating of “Reduce” and a consensus price target of $13.00.

PAMT Stock Performance

Shares of PAMT stock opened at $14.84 on Friday. The stock has a market cap of $310.75 million, a price-to-earnings ratio of -6.97 and a beta of 1.06. PAMT has a twelve month low of $7.15 and a twelve month high of $16.50. The company’s fifty day moving average is $13.38 and its 200 day moving average is $11.47. The company has a quick ratio of 1.28, a current ratio of 1.30 and a debt-to-equity ratio of 1.20.

PAMT (NASDAQ:PAMT) last announced its earnings results on Friday, May 1st. The company reported ($0.46) EPS for the quarter. PAMT had a negative return on equity of 15.16% and a negative net margin of 7.61%.The company had revenue of $141.88 million for the quarter.

Institutional Trading of PAMT

Large investors have recently bought and sold shares of the business. State Street Corp lifted its stake in shares of PAMT by 2.0% in the 4th quarter. State Street Corp now owns 62,152 shares of the company’s stock valued at $751,000 after purchasing an additional 1,208 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of PAMT by 3.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock valued at $2,017,000 after purchasing an additional 5,797 shares in the last quarter. Bank of America Corp DE acquired a new stake in PAMT during the second quarter worth approximately $159,000. Geode Capital Management LLC acquired a new stake in PAMT during the second quarter worth approximately $1,912,000. Finally, Rhumbline Advisers acquired a new stake in PAMT during the first quarter worth approximately $189,000. 22.06% of the stock is currently owned by institutional investors and hedge funds.

PAMT Company Profile

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.