PAMT (NASDAQ:PAMT) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of PAMT (NASDAQ:PAMT) from a hold rating to a sell rating in a report issued on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PAMT in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $13.00.

PAMT Trading Up 8.9%

PAMT stock opened at $8.73 on Friday. PAMT has a 12-month low of $7.15 and a 12-month high of $17.29. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.21. The stock has a market capitalization of $182.72 million, a PE ratio of -3.49 and a beta of 0.79. The firm has a 50 day simple moving average of $10.81 and a 200-day simple moving average of $10.95.

PAMT (NASDAQ:PAMT) last announced its earnings results on Thursday, February 19th. The company reported ($0.45) EPS for the quarter. The firm had revenue of $141.32 million for the quarter. PAMT had a negative return on equity of 13.58% and a negative net margin of 8.80%. As a group, equities research analysts expect that PAMT will post 0.85 EPS for the current fiscal year.

Institutional Trading of PAMT

A number of hedge funds and other institutional investors have recently made changes to their positions in PAMT. MAI Capital Management bought a new stake in PAMT during the second quarter worth approximately $740,000. Bridgeway Capital Management LLC increased its holdings in shares of PAMT by 3.4% in the third quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock valued at $2,017,000 after buying an additional 5,797 shares in the last quarter. Bank of America Corp DE bought a new position in shares of PAMT in the second quarter valued at $159,000. JPMorgan Chase & Co. acquired a new stake in shares of PAMT during the 2nd quarter valued at $88,000. Finally, Geode Capital Management LLC bought a new stake in shares of PAMT during the 2nd quarter worth $1,912,000. 22.06% of the stock is currently owned by institutional investors.

About PAMT

PAM Transportation Services, Inc (NASDAQ: PAMT) is a specialized truckload carrier and logistics provider headquartered in Tontitown, Arkansas. Established in 1980, the company offers full truckload and dedicated transportation services across North America. PAMT’s freight network is configured to handle both temperature-controlled and dry goods, catering to clients in the food and beverage, retail, consumer packaged goods and industrial sectors.

The company operates a fleet of company-owned tractors and trailers, supported by a network of terminal locations and drop-yard facilities.