P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Sees Sig…

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Sees Sig…


P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 26,100 shares, a growth of 8.8% from the May 30th total of 24,000 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 6.2 days. Approximately 1.4% of the company’s stock are short sold.

Shares of P.A.M. Transportation Services stock opened at $55.85 on Tuesday. The firm’s fifty day simple moving average is $58.27. P.A.M. Transportation Services has a 1 year low of $34.31 and a 1 year high of $70.00. The firm has a market cap of $323.94 million, a P/E ratio of 12.11 and a beta of 1.50. 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 posted its earnings results on Monday, July 15th. The transportation company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.31. P.A.M. Transportation Services had a return on equity of 24.66% and a net margin of 5.97%. The company had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.10 million. As a group, sell-side analysts expect that P.A.M. Transportation Services will post 5.51 EPS for the current year.

Several brokerages have recently weighed in on PTSI. BidaskClub cut shares of YY from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, July 18th. Finally, Stifel Nicolaus set a $170.00 price target on Union Pacific and gave the company a “hold” rating in a report on Tuesday, April 23rd.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of 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 period. Bank of America Corp DE increased its position in shares of P.A.M. Transportation Services by 353.6% in the fourth quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock worth $101,000 after purchasing an additional 1,998 shares during the period. SG Americas Securities LLC bought a new position in shares of P.A.M. Transportation Services in the first quarter worth $127,000. Bank of New York Mellon Corp increased its position in shares of 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 period. Finally, Dimensional Fund Advisors LP increased its position in shares of P.A.M. Transportation Services by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 389,326 shares of the transportation company’s stock worth $15,343,000 after purchasing an additional 11,495 shares during the period. Institutional investors own 26.43% of the company’s stock.

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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Moving & Transportation Services Jonathan Cartu

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