LSV Asset Management decreased its holdings in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 23.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,148 shares of the transportation company’s stock after selling 17,433 shares during the quarter. LSV Asset Management owned approximately 0.91% of P.A.M. Transportation Services worth $2,040,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Deutsche Bank AG lifted its holdings in P.A.M. Transportation Services by 98,216.7% during the 4th quarter. Deutsche Bank AG now owns 5,899 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 5,893 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of P.A.M. Transportation Services by 8.3% during the fourth quarter. Renaissance Technologies LLC now owns 362,100 shares of the transportation company’s stock worth $12,467,000 after buying an additional 27,900 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of P.A.M. Transportation Services during the fourth quarter worth $588,000. Alambic Investment Management L.P. acquired a new stake in shares of P.A.M. Transportation Services during the fourth quarter worth $236,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of P.A.M. Transportation Services by 633.8% during the fourth quarter. Acadian Asset Management LLC now owns 11,147 shares of the transportation company’s stock worth $383,000 after buying an additional 9,628 shares in the last quarter. 25.38% of the stock is owned by institutional investors and hedge funds.
Shares of PTSI traded down $0.75 during midday trading on Thursday, reaching $41.26. 11,300 shares of the stock were exchanged, compared to its average volume of 16,922. P.A.M. Transportation Services, Inc. has a twelve month low of $16.34 and a twelve month high of $43.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 0.89. The company has a market capitalization of $246.48 million, a P/E ratio of 30.92 and a beta of 1.32.
P.A.M. Transportation Services (NASDAQ:PTSI) last posted its earnings results on Monday, April 30th. The transportation company reported $0.22 earnings per share for the quarter. P.A.M. Transportation Services had a return on equity of 7.28% and a net margin of 8.49%. The company had revenue of $119.46 million during the quarter.
PTSI has been the subject of a number of research reports. BidaskClub downgraded P.A.M. Transportation Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 7th. ValuEngine raised P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
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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