Teachers Advisors LLC reduced its stake in shares of Freightcar America, Inc. (NASDAQ:RAIL) by 8.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,743 shares of the transportation company’s stock after selling 2,316 shares during the quarter. Teachers Advisors LLC owned approximately 0.19% of Freightcar America worth $413,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of RAIL. Ameriprise Financial Inc. purchased a new stake in shares of Freightcar America during the 1st quarter worth $155,000. Eagle Global Advisors LLC purchased a new stake in shares of Freightcar America during the 2nd quarter worth $201,000. Alliancebernstein L.P. purchased a new stake in shares of Freightcar America during the 2nd quarter worth $212,000. Rhumbline Advisers lifted its stake in shares of Freightcar America by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock worth $272,000 after purchasing an additional 387 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in Freightcar America during the 2nd quarter valued at about $293,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Freightcar America, Inc. (NASDAQ RAIL) opened at $15.50 on Tuesday. Freightcar America, Inc. has a 1 year low of $12.07 and a 1 year high of $20.46.
Freightcar America (NASDAQ:RAIL) last announced its earnings results on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.63). The business had revenue of $72.00 million for the quarter, compared to analyst estimates of $87.20 million. Freightcar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The firm’s quarterly revenue was down 36.6% on a year-over-year basis. research analysts expect that Freightcar America, Inc. will post -0.98 EPS for the current year.
In other news, Director S Carl Soderstrom, Jr. sold 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $15.01, for a total value of $30,020.00. Following the transaction, the director now directly owns 18,204 shares of the company’s stock, valued at $273,242.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James R. Meyer acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $14.34 per share, for a total transaction of $143,400.00. Following the completion of the acquisition, the insider now directly owns 2,619 shares of the company’s stock, valued at approximately $37,556.46. The disclosure for this purchase can be found here. 4.13% of the stock is currently owned by corporate insiders.
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Several brokerages recently issued reports on RAIL. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 target price (down from $15.00) on shares of Freightcar America in a research report on Tuesday, November 7th. Zacks Investment Research lowered Freightcar America from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Freightcar America currently has a consensus rating of “Hold” and a consensus target price of $16.25.
Freightcar America Company Profile
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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