What’s Propelling P.A.M. Transportation Services, Inc. (PTSI) to Increase? The Stock Formed a Bullish Double Top

December 7, 2017 - By Henry Gaston

Investors sentiment decreased to 0.44 in Q2 2017. Its down 0.38, from 0.82 in 2017Q1. It dived, 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.
Millennium Ltd stated it has 18,868 shares or 0% of all its holdings. Dimensional Fund Advsr Lp stated it has 360,772 shares or 0% of all its holdings. Moreover, Deutsche Retail Bank Ag has 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 4,240 shares. 3,267 were accumulated by Citigroup. Morgan Stanley reported 0% of its portfolio in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Denali Advisors Lc stated it has 0% of its portfolio in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Carroll Fincl Associate Inc owns 250 shares. Prelude Cap Management Ltd Liability owns 3,206 shares. Moreover, California Public Employees Retirement Sys has 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Nationwide Fund Advsrs stated it has 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Tower Research Limited Com (Trc) holds 1,227 shares. Bridgeway Cap Mngmt reported 39,662 shares. 335,700 were accumulated by Renaissance Technology Ltd Llc. Meeder Asset Management accumulated 0% or 90 shares. Vanguard Grp owns 104,221 shares for 0% of their portfolio.

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 $1.20 million 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: Seekingalpha.com which released: “Industry Rebound, Clearing Financials Could Lead PAM Transport To Double In 6 …” on August 21, 2016, also Globenewswire.com with their article: “PAM Transportation Services, Inc. Announces Results for the Second Quarter …” published on July 27, 2017, Globenewswire.com published: “PAM Transportation Services, Inc. Announces Results for the Third Quarter …” on October 23, 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 Fourth Quarter and …” published on February 07, 2017 as well as Seekingalpha.com‘s news article titled: “PAM Transport: Catalysts Aligning” with publication date: August 03, 2017.

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