P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 20,200 shares, a decline of 23.2% from the December 15th total of 26,300 shares. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.2% of the company’s stock are short sold.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of P.A.M. Transportation Services by 8.1% in the 3rd quarter. First Trust Advisors LP now owns 4,310 shares of the transportation company’s stock valued at $255,000 after buying an additional 324 shares in the last quarter. State Street Corp grew its stake in shares of P.A.M. Transportation Services by 24.1% in the 3rd quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock valued at $1,473,000 after buying an additional 4,845 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of P.A.M. Transportation Services by 0.7% in the 2nd quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock valued at $2,180,000 after buying an additional 234 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on PTSI. Zacks Investment Research raised P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. BidaskClub cut P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Finally, ValuEngine raised P.A.M. Transportation Services from a “sell” rating to a “hold” rating in a research note on Tuesday.
Shares of NASDAQ PTSI traded down $0.20 during trading hours on Tuesday, hitting $57.10. The stock had a trading volume of 6,241 shares, compared to its average volume of 6,333. The company has a market capitalization of $325.39 million, a P/E ratio of 12.39 and a beta of 1.51. The firm’s 50-day moving average price is $56.90 and its two-hundred day moving average price is $56.69. P.A.M. Transportation Services has a 52 week low of $41.82 and a 52 week high of $71.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.93 and a current ratio of 0.94.
P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.54). The firm had revenue of $128.99 million during the quarter, compared to the consensus estimate of $139.60 million. P.A.M. Transportation Services had a net margin of 5.22% and a return on equity of 20.80%. As a group, analysts expect that P.A.M. Transportation Services will post 4.53 EPS for the current fiscal year.
P.A.M. Transportation Services Company Profile
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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