Is Buying P.A.M. Transportation Services, Inc. (PTSI) Here a Winning Strategy? The Stock Formed Bullish Double Top

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 0.44 in 2017 Q2. Its down 0.38, from 0.82 in 2017Q1. It worsened, as 11 investors sold P.A.M. Transportation Services, Inc. shares while 16 reduced holdings. 5 funds opened positions while 7 raised stakes. 1.53 million shares or 13.13% less from 1.76 million shares in 2017Q1 were reported.
Lsv Asset Mngmt holds 0% or 96,981 shares. Millennium Mgmt Ltd owns 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 18,868 shares. Citigroup stated it has 0% of its portfolio in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Tower Research Cap Lc (Trc) holds 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) or 1,227 shares. Renaissance Technology Ltd Liability has 0.01% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 335,700 shares. Royal National Bank Of Canada holds 40,903 shares or 0% of its portfolio. Comml Bank Of New York Mellon stated it has 19,057 shares. Morgan Stanley reported 1,195 shares or 0% of all its holdings. Geode Capital Management Ltd Liability Corp invested in 18,125 shares. Denali Advsr Lc invested in 160 shares. Prelude Capital Mngmt Llc reported 0.01% of its portfolio in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Jpmorgan Chase And holds 0% or 1,023 shares. Barclays Pcl owns 3,913 shares for 0% of their portfolio. Nationwide Fund reported 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Horrell Cap Management Inc accumulated 27,941 shares.

The chart of P.A.M. Transportation Services, Inc. (PTSI) shows a double top with $38.22 target or 4.00 % above today’s $36.75 share price. The 7 months chart pattern indicates low risk for the $231.64 million company. It was reported on Dec, 7 by Finviz.com. If the $38.22 price target is reached, the company will be worth $9.27M more. Double tops are rare but powerful chart patterns.

The stock increased 0.11% or $0.04 during the last trading session, reaching $36.75. About 10,121 shares traded. P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has declined 13.34% since December 7, 2016 and is downtrending. It has underperformed by 30.04% the S&P500.

Analysts await P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) to report earnings on February, 6. They expect $0.19 EPS, up 72.73 % or $0.08 from last year’s $0.11 per share. PTSI’s profit will be $1.20M for 48.36 P/E if the $0.19 EPS becomes a reality. After $0.54 actual EPS reported by P.A.M. Transportation Services, Inc. for the previous quarter, Wall Street now forecasts -64.81 % negative EPS growth.

More notable recent P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) news were published by: Globenewswire.com which released: “PAM Transportation Services, Inc. Announces Results for the Fourth Quarter and …” on February 07, 2017, also Globenewswire.com with their article: “PAM Transportation Services, Inc. Announces Results for the Second Quarter …” published on July 27, 2017, Seekingalpha.com published: “PAM Transport: Catalysts Aligning” on August 03, 2017. More interesting news about P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) were released by: Globenewswire.com and their article: “PAM Transportation Services, Inc. Announces Results for the Third Quarter …” published on October 23, 2017 as well as Seekingalpha.com‘s news article titled: “Industry Rebound, Clearing Financials Could Lead PAM Transport To Double In 6 …” with publication date: August 21, 2016.

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