PAM Transportation Services, Inc. (NASDAQ:PTSI) Brief Interest Update


PAM Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) was the target of strong short-term interest growth in March. As of March 31, there were short interests totaling 136,500 shares, up 92.8% from the total of 70,800 shares as of March 15. Based on an average daily volume of 64,200 shares, the day-to-cover ratio is currently 2.1 days.

PTSI has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of PAM Transportation Services from a “buy” rating to a “hold” rating in a report on Wednesday, April 6. Stephens cut his price target on shares of PAM Transportation Services from $42.50 to $40.00 in a Friday, April 1 report. Finally, StockNews.com began covering PAM Transportation Services stocks in a research report on Thursday, March 31. They issued a “Strong Buy” rating on the stock.

The NASDAQ PTSI opened at $25.23 on Friday. The company has a debt ratio of 0.80, a current ratio of 1.79 and a quick ratio of 1.78. The company’s fifty-day moving average price is $48.48 and its 200-day moving average price is $44.62. The company has a market capitalization of $561.75 million, a price-earnings ratio of 7.51 and a beta of 1.49. PAM Transportation Services has a 12 month minimum of $12.94 and a 12 month maximum of $40.88.

PAM Transportation Services (NASDAQ:PTSI – Get Rating) last released its results on Wednesday, January 19. The transportation company reported EPS of $1.90 for the quarter. The company had revenue of $213.91 million for the quarter. PAM Transportation Services achieved a net margin of 10.82% and a return on equity of 43.43%. As a group, sell-side analysts expect PAM Transportation Services to post 4 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of PTSI. Dimensional Fund Advisors LP increased its position in PAM Transportation Services by 100.6% during the third quarter. Dimensional Fund Advisors LP now owns 742,952 shares of the transportation company worth $33,418,000 after buying an additional 372,506 shares in the last quarter. Renaissance Technologies LLC increased its position in PAM Transportation Services by 98.3% during the third quarter. Renaissance Technologies LLC now owns 682,704 shares of the transportation company worth $30,708,000 after purchasing an additional 338,402 shares in the last quarter. BlackRock Inc. increased its position in PAM Transportation Services by 94.1% during the third quarter. BlackRock Inc. now owns 287,897 shares of the transportation company worth $12,950,000 after purchasing an additional 139,591 shares in the last quarter. Scopus Asset Management LP increased its position in PAM Transportation Services by 286.0% during the fourth quarter. Scopus Asset Management LP now owns 81,790 shares of the transportation company worth $5,808,000 after buying an additional 60,599 shares in the last quarter. Finally, EAM Investors LLC bought a new position in PAM Transportation Services during Q3 for a value of $1,968,000. 22.63% of the shares are currently held by hedge funds and other institutional investors.

Company Profile PAM Transportation Services (Get a rating)

PAM 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 dry van carrier that transports general cargo. Its cargo consists mainly of auto parts; goods shipped; consumer goods, such as general merchandise from retail stores; and manufactured goods, including heaters and air conditioners.

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