PAMT (NASDAQ:PAMT) Price Target Raised to $13.00

Key Points

• Analysts at Stephens raised the price target for PAMT from $12.50 to $13.00, indicating a potential downside of 2.26% from the stock's previous close.
• PAMT reported a negative earnings per share of ($0.46) for the last quarter, with a net margin of -7.16% and revenue of $151.13 million.
• Institutional investors hold about 22.06% of PAMT's stock, with recent acquisitions including positions from Goldman Sachs Group Inc. valued at approximately $705,000.

PAMT (NASDAQ:PAMT - Free Report) had its target price boosted by Stephens from $12.50 to $13.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

PAMT Trading Up 2.6%

Shares of NASDAQ PAMT traded up $0.30 during trading hours on Tuesday, hitting $11.63. 19,104 shares of the company traded hands, compared to its average volume of 10,708. The stock has a market capitalization of $253.42 million, a price-to-earnings ratio of -5.36 and a beta of 0.96. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.87. The company's 50 day moving average price is $13.05 and its 200 day moving average price is $13.67. PAMT has a 12 month low of $11.01 and a 12 month high of $23.70.

PAMT (NASDAQ:PAMT - Get Free Report) last released its earnings results on Friday, July 25th. The company reported ($0.46) earnings per share for the quarter. PAMT had a negative net margin of 7.16% and a negative return on equity of 8.11%. The company had revenue of $151.13 million for the quarter. On average, equities research analysts anticipate that PAMT will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAMT

A number of hedge funds have recently made changes to their positions in PAMT. Strs Ohio purchased a new stake in shares of PAMT during the 1st quarter worth $100,000. Rhumbline Advisers acquired a new position in PAMT during the 1st quarter valued at about $189,000. Finally, Goldman Sachs Group Inc. acquired a new position in PAMT during the 1st quarter valued at about $705,000. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

PAMT Company Profile

PAMT Corp. 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.