PAMT (NASDAQ:PAMT) Given New $13.00 Price Target at Stephens

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 price objective hoisted 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 Price Performance

PAMT stock traded up $0.30 on Tuesday, hitting $11.63. 19,104 shares of the company's stock traded hands, compared to its average volume of 24,902. PAMT has a 1-year low of $11.01 and a 1-year high of $23.70. The stock has a market cap of $253.42 million, a price-to-earnings ratio of -5.36 and a beta of 0.93. The stock has a fifty day moving average of $13.06 and a 200-day moving average of $13.68. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.87.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new position in shares of PAMT during the 1st quarter valued at $705,000. Rhumbline Advisers acquired a new stake in PAMT during the first quarter valued at $189,000. Finally, Strs Ohio purchased a new position in PAMT in the first quarter valued at about $100,000. Hedge funds and other institutional investors own 22.06% of the company's stock.

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.