New York State Common Retirement Fund removed its position in shares of PAM Transportation Services, Inc. (NASDAQ: PTSI – Get a rating) by 100.2% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor owned 5,262 shares of the transportation company after acquiring an additional 2,634 shares during the period. The New York State Common Retirement Fund’s holdings in PAM Transportation Services were worth $183,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also changed their positions in the company. BNP Paribas Arbitrage SA raised its position in PAM Transportation Services shares by 22.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 1,431 shares of the transport company valued at $102,000 after acquiring 260 additional shares last quarter. Dorsey Wright & Associates increased its position in PAM Transportation Services by 76.5% in the first quarter. Dorsey Wright & Associates now owns 2,212 shares of the transportation company worth $77,000 after purchasing an additional 959 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in PAM Transportation Services in the first quarter valued at $53,000. Strs Ohio increased its position in PAM Transportation Services by 100.0% in the first quarter. Strs Ohio now owns 4,000 shares of the transportation company worth $139,000 after purchasing an additional 2,000 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in PAM Transportation Services by 9.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 24,282 shares of the transportation company worth $1,724,000 after purchasing 2,010 additional shares during the period. 11.38% of the shares are held by institutional investors and hedge funds.
Price performance of PAM transport services
Shares of NASDAQ PTSI opened at $34.46 on Monday. PAM Transportation Services, Inc. has a 1-year minimum of $15.65 and a 1-year maximum of $40.88. The company has a debt ratio of 0.75, a current ratio of 1.79 and a quick ratio of 1.77. The company’s fifty-day moving average price is $30.80 and its two-hundred-day moving average price is $34.68. The company has a market capitalization of $767.39 million, a PE ratio of 7.99 and a beta of 1.55.
Profile of PAM transport services
PAM Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico and Canada. The company operates a dry van carrier that transports general cargo. Its cargo consists mainly of auto parts; goods shipped; consumer goods, such as general merchandise from retail stores; and manufactured goods, including heaters and air conditioners.
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