P.A.M. Transportation Services (NASDAQ:PTSI) Shares Gap Down to $25.94

P.A.M. Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) shares gapped down before the market opened on Wednesday . The stock had previously closed at $25.94, but opened at $25.16. P.A.M. Transportation Services shares last traded at $25.30, with a volume of 1,243 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th.

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P.A.M. Transportation Services Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.96. The company has a 50-day moving average price of $25.33 and a 200-day moving average price of $26.97. The firm has a market capitalization of $580.93 million, a PE ratio of 8.21 and a beta of 1.29.

Institutional Trading of P.A.M. Transportation Services

Several institutional investors and hedge funds have recently made changes to their positions in PTSI. Dimensional Fund Advisors LP lifted its position in shares of P.A.M. Transportation Services by 98.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,446,756 shares of the transportation company’s stock valued at $50,276,000 after acquiring an additional 716,798 shares in the last quarter. Renaissance Technologies LLC increased its stake in P.A.M. Transportation Services by 94.0% in the first quarter. Renaissance Technologies LLC now owns 1,245,808 shares of the transportation company’s stock valued at $43,292,000 after purchasing an additional 603,798 shares during the last quarter. BlackRock Inc. increased its stake in P.A.M. Transportation Services by 97.9% in the first quarter. BlackRock Inc. now owns 514,567 shares of the transportation company’s stock valued at $17,883,000 after purchasing an additional 254,574 shares during the last quarter. Vanguard Group Inc. increased its stake in P.A.M. Transportation Services by 96.0% in the first quarter. Vanguard Group Inc. now owns 296,876 shares of the transportation company’s stock valued at $10,316,000 after purchasing an additional 145,392 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in P.A.M. Transportation Services in the first quarter valued at $2,136,000. 22.20% of the stock is currently owned by hedge funds and other institutional investors.

P.A.M. Transportation Services Company Profile

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P.A.M. Transportation Services, Inc is a holding company, which engages in the provision of truckload and logistics services through its subsidiaries. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.

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