PAMT (NASDAQ:PAMT) Downgraded by Wall Street Zen to “Sell”

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

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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.00.

PAMT Stock Up 2.4%

PAMT stock opened at $8.02 on Friday. The firm has a market cap of $167.86 million, a PE ratio of -3.21 and a beta of 0.79. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $10.88 and a 200 day simple moving average of $10.98. PAMT has a 1 year low of $7.15 and a 1 year high of $17.29.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MAI Capital Management bought a new stake in PAMT in the second quarter valued at about $740,000. Bridgeway Capital Management LLC grew its position in shares of PAMT by 3.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 176,928 shares of the company’s stock worth $2,017,000 after buying an additional 5,797 shares during the period. Bank of America Corp DE bought a new stake in shares of PAMT in the 2nd quarter valued at about $159,000. JPMorgan Chase & Co. acquired a new stake in shares of PAMT in the 2nd quarter valued at approximately $88,000. Finally, Geode Capital Management LLC bought a new position in PAMT during the 2nd quarter worth approximately $1,912,000. Institutional investors and hedge funds own 22.06% of the company’s stock.

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.