PAM Transportation Services (NASDAQ:PTSI) shares a spread up to $25.99


The stock price of PAM Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) rose before the market opened on Friday. The stock had previously closed at $25.99, but opened at $27.59. Shares of PAM Transportation Services last traded at $27.53, with a volume of 77 shares traded in hands.

A number of research analysts have weighed in on the company recently. StockNews.com took over coverage of PAM transportation services in a Thursday, March 31 report. They issued a “Strong Buy” rating on the stock. Stephens cut its price target on PAM Transportation Services from $42.50 to $40.00 in a Friday, April 1 report.

The company has a fifty-day moving average price of $28.58 and a two-hundred-day moving average price of $40.52. The company has a debt ratio of 0.87, a current ratio of 2.13 and a quick ratio of 2.12. The company has a market capitalization of $657.78 million, a price-earnings ratio of 7.58 and a beta of 1.52.

A number of hedge funds have recently changed their holdings in the company. BNP Paribas Arbitrage SA increased its position in PAM Transportation Services by 22.2% during the fourth quarter. BNP Paribas Arbitrage SA now owns 1,431 shares of the transport company worth $102,000 after buying 260 additional shares last quarter. Horrell Capital Management Inc. increased its position in PAM Transportation Services by 0.5% during the fourth quarter. Horrell Capital Management Inc. now owns 59,280 shares of the transportation company worth $4,209,000 after buying 286 additional shares last quarter. Ameritas Investment Partners Inc. increased its position in PAM Transportation Services by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 748 shares of the transportation company worth $26,000 after buying 374 additional shares in the last quarter. Dorsey Wright & Associates increased its position in PAM Transportation Services by 76.5% during the first quarter. Dorsey Wright & Associates now owns 2,212 shares of the transportation company worth $77,000 after buying 959 additional shares last quarter. Finally, California State Teachers Retirement System increased its position in PAM Transportation Services by 58.4% during the first quarter. California State Teachers Retirement System now owns 3,038 shares of the transportation company worth $106,000 after buying 1,120 additional shares in the last quarter. Institutional investors hold 11.38% of the company’s shares.

About PAM Transport Services (NASDAQ:PTSI)

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.

Featured Articles



Receive daily news and ratings for PAM transportation services – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for PAM Transportation Services and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.