Shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus target price of $17.00 for the company and are anticipating that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also assigned P.A.M. Transportation Services an industry rank of 159 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently commented on PTSI shares. Zacks Investment Research raised shares of P.A.M. Transportation Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. ValuEngine downgraded shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of P.A.M. Transportation Services in a research report on Thursday, August 3rd.

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Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of P.A.M. Transportation Services during the fourth quarter valued at approximately $485,000. State Street Corp increased its stake in shares of P.A.M. Transportation Services by 1.1% in the fourth quarter. State Street Corp now owns 69,626 shares of the transportation company’s stock valued at $1,809,000 after buying an additional 729 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of P.A.M. Transportation Services by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 336,937 shares of the transportation company’s stock valued at $8,754,000 after buying an additional 4,895 shares during the last quarter. Horrell Capital Management Inc. increased its stake in shares of P.A.M. Transportation Services by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $444,000 after buying an additional 100 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of P.A.M. Transportation Services by 48.6% in the first quarter. LSV Asset Management now owns 96,981 shares of the transportation company’s stock valued at $1,579,000 after buying an additional 31,722 shares during the last quarter. 28.01% of the stock is owned by institutional investors and hedge funds.

Shares of P.A.M. Transportation Services (NASDAQ PTSI) opened at 17.30 on Friday. P.A.M. Transportation Services has a 12-month low of $14.50 and a 12-month high of $28.43. The firm’s 50-day moving average is $18.53 and its 200-day moving average is $18.43. The company has a market capitalization of $110.82 million, a PE ratio of 13.74 and a beta of 1.01.

P.A.M. Transportation Services announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 2nd that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About P.A.M. Transportation Services

P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.

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