LSV Asset Management trimmed its stake in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 48.1% during the 2nd quarter, Holdings Channel reports. The firm owned 29,127 shares of the transportation company’s stock after selling 27,021 shares during the quarter. LSV Asset Management’s holdings in P.A.M. Transportation Services were worth $1,368,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PTSI. Deutsche Bank AG boosted its stake in P.A.M. Transportation Services by 98,216.7% in the fourth quarter. Deutsche Bank AG now owns 5,899 shares of the transportation company’s stock worth $203,000 after buying an additional 5,893 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in P.A.M. Transportation Services by 51.8% in the first quarter. JPMorgan Chase & Co. now owns 5,781 shares of the transportation company’s stock worth $210,000 after buying an additional 1,973 shares in the last quarter. Spark Investment Management LLC boosted its stake in P.A.M. Transportation Services by 18.4% in the first quarter. Spark Investment Management LLC now owns 9,000 shares of the transportation company’s stock worth $327,000 after buying an additional 1,400 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in P.A.M. Transportation Services in the second quarter worth approximately $451,000. Finally, Bank of New York Mellon Corp boosted its stake in P.A.M. Transportation Services by 41.4% in the second quarter. Bank of New York Mellon Corp now owns 27,411 shares of the transportation company’s stock worth $1,287,000 after buying an additional 8,025 shares in the last quarter. Institutional investors own 27.70% of the company’s stock.

PTSI has been the subject of several research reports. BidaskClub lowered P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. TheStreet raised P.A.M. Transportation Services from a “c” rating to a “b” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.00.

In other P.A.M. Transportation Services news, CFO Allen West sold 775 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $58.73, for a total value of $45,515.75. Following the completion of the sale, the chief financial officer now owns 1,400 shares of the company’s stock, valued at $82,222. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 61.99% of the stock is owned by corporate insiders.

Shares of PTSI opened at $57.61 on Friday. The company has a market capitalization of $359.86 million, a price-to-earnings ratio of 27.39 and a beta of 1.28. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.98. P.A.M. Transportation Services, Inc. has a 1 year low of $18.45 and a 1 year high of $67.00.

P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results on Wednesday, July 25th. The transportation company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.72. The business had revenue of $135.30 million during the quarter. P.A.M. Transportation Services had a return on equity of 11.25% and a net margin of 9.21%.

About P.A.M. Transportation Services

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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Institutional Ownership by Quarter for P.A.M. Transportation Services (NASDAQ:PTSI)

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