P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. lessened its holdings in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,324 shares of the transportation company’s stock after selling 11,920 shares during the quarter. Horrell Capital Management Inc. owned approximately 0.49% of P.A.M. Transportation Services worth $1,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in P.A.M. Transportation Services by 38.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after purchasing an additional 837 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in P.A.M. Transportation Services during the 1st quarter worth $307,000. Denali Advisors LLC boosted its stake in P.A.M. Transportation Services by 30.5% during the 1st quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock worth $374,000 after purchasing an additional 5,400 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in P.A.M. Transportation Services by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock worth $944,000 after purchasing an additional 701 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in P.A.M. Transportation Services by 15.8% during the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock worth $882,000 after purchasing an additional 7,442 shares during the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PTSI shares. Stephens lowered their price target on shares of P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday. StockNews.com raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Monday.

P.A.M. Transportation Services Trading Down 2.6 %

Shares of PTSI stock traded down $0.40 on Tuesday, hitting $15.09. 10,673 shares of the stock traded hands, compared to its average volume of 20,976. The firm’s 50-day moving average price is $17.36 and its two-hundred day moving average price is $17.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.05. The stock has a market capitalization of $328.51 million, a PE ratio of -137.18 and a beta of 1.12. P.A.M. Transportation Services, Inc. has a twelve month low of $13.51 and a twelve month high of $22.88.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $182.58 million for the quarter. P.A.M. Transportation Services had a negative net margin of 0.34% and a negative return on equity of 0.79%. As a group, analysts anticipate that P.A.M. Transportation Services, Inc. will post -0.03 EPS for the current year.

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 operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.