P.A.M. Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 84,700 shares, a decrease of 22.6% from the December 31st total of 109,500 shares. Based on an average daily trading volume, of 30,700 shares, the days-to-cover ratio is presently 2.8 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in P.A.M. Transportation Services by 159.5% during the second quarter. Russell Investments Group Ltd. now owns 6,654 shares of the transportation company’s stock worth $181,000 after purchasing an additional 4,090 shares during the period. Amalgamated Bank bought a new stake in shares of P.A.M. Transportation Services during the first quarter worth approximately $32,000. Ellsworth Advisors LLC bought a new stake in shares of P.A.M. Transportation Services during the second quarter worth approximately $378,000. American International Group Inc. grew its position in shares of P.A.M. Transportation Services by 86.7% in the first quarter. American International Group Inc. now owns 3,518 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 1,634 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of P.A.M. Transportation Services by 58.4% during the first quarter. California State Teachers Retirement System now owns 3,038 shares of the transportation company’s stock worth $106,000 after purchasing an additional 1,120 shares during the period. Institutional investors own 22.20% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of P.A.M. Transportation Services from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 24th.
P.A.M. Transportation Services Trading Down 3.4 %
Shares of NASDAQ:PTSI opened at $28.43 on Friday. P.A.M. Transportation Services has a 12 month low of $23.52 and a 12 month high of $40.00. The company has a quick ratio of 1.93, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $27.19 and its 200 day simple moving average is $29.79. The firm has a market cap of $630.86 million, a price-to-earnings ratio of 6.36 and a beta of 1.32.
About P.A.M. Transportation Services
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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