04 Jul P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Sees Lar…
P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 24,000 shares, a growth of 18.8% from the May 15th total of 20,200 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 6.3 days.
PTSI has been the topic of several recent analyst reports. BidaskClub downgraded shares of P.A.M. Transportation Services from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 26th. Stifel Nicolaus initiated coverage on shares of P.A.M. Transportation Services in a research report on Tuesday, April 23rd. They set a “hold” rating and a $58.00 price objective on the stock. Finally, ValuEngine raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of P.A.M. Transportation Services by 353.6% during the fourth quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock valued at $101,000 after buying an additional 1,998 shares during the last quarter. SG Americas Securities LLC bought a new stake in P.A.M. Transportation Services in the first quarter worth $127,000. Geode Capital Management LLC increased its position in P.A.M. Transportation Services by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 26,058 shares of the transportation company’s stock worth $1,026,000 after purchasing an additional 988 shares during the last quarter. Bank of New York Mellon Corp increased its position in P.A.M. Transportation Services by 26.3% in the fourth quarter. Bank of New York Mellon Corp now owns 32,938 shares of the transportation company’s stock worth $1,298,000 after purchasing an additional 6,857 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in P.A.M. Transportation Services by 8.6% in the third quarter. Vanguard Group Inc. now owns 125,513 shares of the transportation company’s stock worth $8,170,000 after purchasing an additional 9,948 shares during the last quarter. Institutional investors own 26.43% of the company’s stock.
Shares of PTSI traded down $1.56 on Thursday, reaching $61.04. The company’s stock had a trading volume of 1,802 shares, compared to its average volume of 5,495. P.A.M. Transportation Services has a 12-month low of $34.31 and a 12-month high of $70.00. The stock has a market capitalization of $370.59 million, a PE ratio of 13.24 and a beta of 1.49. The company’s 50 day moving average price is $57.60. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.00.
P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Monday, April 15th. The transportation company reported $0.99 EPS for the quarter. P.A.M. Transportation Services had a net margin of 5.70% and a return on equity of 23.54%. The company had revenue of $128.69 million for the quarter. As a group, research analysts expect that P.A.M. Transportation Services will post 5.51 earnings per share for the current year.
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 is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.
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