Los Angeles Capital Management LLC purchased a new position in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,169 shares of the transportation company’s stock, valued at approximately $408,000. Los Angeles Capital Management LLC owned 0.06% of P.A.M. Transportation Services as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. boosted its position in shares of P.A.M. Transportation Services by 100.0% during the first quarter. Ameritas Investment Partners Inc. now owns 748 shares of the transportation company’s stock worth $26,000 after buying an additional 374 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of P.A.M. Transportation Services by 41.9% during the second quarter. BNP Paribas Arbitrage SA now owns 1,577 shares of the transportation company’s stock worth $43,000 after buying an additional 466 shares during the period. Amalgamated Bank purchased a new position in shares of P.A.M. Transportation Services during the first quarter worth $32,000. California State Teachers Retirement System boosted its holdings in P.A.M. Transportation Services by 58.4% in the first quarter. California State Teachers Retirement System now owns 3,038 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 1,120 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in P.A.M. Transportation Services by 88.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,911 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 1,367 shares during the period. 22.20% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com lowered P.A.M. Transportation Services from a “strong-buy” rating to a “buy” rating in a report on Monday, October 24th.
P.A.M. Transportation Services Trading Down 3.4 %
NASDAQ:PTSI opened at $28.43 on Friday. The firm has a market cap of $630.78 million, a PE ratio of 6.36 and a beta of 1.32. The stock has a fifty day moving average price of $27.19 and a 200 day moving average price of $29.79. P.A.M. Transportation Services, Inc. has a 12-month low of $23.52 and a 12-month high of $40.00. The company has a current ratio of 1.94, a quick ratio of 1.93 and a debt-to-equity ratio of 0.73.
P.A.M. Transportation Services Company Profile
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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