Strs Ohio increases its stake in PAM Transportation Services, Inc. (NASDAQ: PTSI)
Strs Ohio increased its position in shares of PAM Transportation Services, Inc. (NASDAQ: PTSI – Get Rating) by 100.0% during the 1st quarter, reports Holdings Channel. The company held 4,000 shares of the transportation company after buying an additional 2,000 shares during the quarter. Strs Ohio’s holdings in PAM Transportation Services were worth $139,000 when it last filed with the SEC.
Several other hedge funds and other institutional investors have also increased or reduced their stakes in PTSI. Dorsey Wright & Associates bought a new position in PAM Transportation Services during the fourth quarter worth approximately $89,000. Janney Montgomery Scott LLC bought a new position in PAM Transportation Services during the fourth quarter worth approximately $252,000. Horrell Capital Management Inc. increased its stake 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 in the last quarter. American Century Companies Inc. bought a new position in PAM Transportation Services during the fourth quarter for a value of approximately $246,000. Finally, BNP Paribas Arbitrage SA increased its position in PAM Transportation Services by 22.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 1,431 shares of the transport company worth $102,000 after acquiring an additional 260 shares during the period. 11.38% of the shares are currently held by hedge funds and other institutional investors.
Performance of the WFP action Transport services
The NASDAQ PTSI opened at $31.74 on Thursday. The company’s 50-day moving average is $28.05 and its 200-day moving average is $38.43. PAM Transportation Services, Inc. has a 12 month minimum of $14.22 and a 12 month maximum of $40.88. The company has a quick ratio of 2.12, a current ratio of 2.13 and a debt ratio of 0.87. The company has a market capitalization of $706.69 million, a P/E ratio of 8.14 and a beta of 1.46.
Analysts set new price targets
Several brokerages have commented on PTSI. StockNews.com began covering shares of PAM Transportation Services in a research report on Thursday, March 31. They issued a “Strong Buy” rating on the stock. Stephens lowered his price target on shares of PAM Transportation Services from $42.50 to $40.00 in a Friday, April 1 research report.
About PAM Transport 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.
Want to see which other hedge funds hold PTSI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for PAM Transportation Services, Inc. (NASDAQ:PTSI – Get Rating).
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.