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P.A.M. Transportation Services (PTSI) Rating Lowered to Strong Sell at BidaskClub


P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Separately, TheStreet raised P.A.M. Transportation Services from a “c” rating to a “b” rating in a research report on Monday, August 27th.

Shares of PTSI stock opened at $44.00 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.05. P.A.M. Transportation Services has a fifty-two week low of $31.81 and a fifty-two week high of $70.00. The stock has a market capitalization of $269.39 million, a price-to-earnings ratio of 14.32 and a beta of 1.37.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results on Friday, October 12th. The transportation company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $1.07. P.A.M. Transportation Services had a return on equity of 14.87% and a net margin of 9.78%. The company had revenue of $140.33 million for the quarter.

A number of hedge funds have recently modified their holdings of PTSI. O Shaughnessy Asset Management LLC boosted its stake in shares of P.A.M. Transportation Services by 7.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,979 shares of the transportation company’s stock worth $842,000 after acquiring an additional 909 shares in the last quarter. AXA boosted its stake in shares of P.A.M. Transportation Services by 7.5% during the 3rd quarter. AXA now owns 14,192 shares of the transportation company’s stock worth $924,000 after acquiring an additional 992 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its stake in shares of P.A.M. Transportation Services by 14.6% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 11,000 shares of the transportation company’s stock worth $716,000 after acquiring an additional 1,400 shares in the last quarter. People s United Financial Inc. bought a new stake in shares of P.A.M. Transportation Services during the 3rd quarter worth about $204,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of P.A.M. Transportation Services during the 3rd quarter worth about $209,000. 27.22% of the stock is currently owned by institutional investors.

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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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