Globeflex Capital L P lifted its holdings in shares of Freightcar America, Inc. (NASDAQ:RAIL – Free Report) by 840.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,484 shares of the transportation company’s stock after buying an additional 64,775 shares during the quarter. Globeflex Capital L P owned about 0.38% of Freightcar America worth $578,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of RAIL. Hillsdale Investment Management Inc. lifted its position in shares of Freightcar America by 708.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 290,954 shares of the transportation company’s stock worth $3,221,000 after acquiring an additional 254,954 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of Freightcar America by 36.8% in the first quarter. North Star Investment Management Corp. now owns 237,800 shares of the transportation company’s stock valued at $1,895,000 after purchasing an additional 64,000 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Freightcar America in the fourth quarter valued at $734,000. Royal Bank of Canada raised its stake in shares of Freightcar America by 2,843.5% during the 4th quarter. Royal Bank of Canada now owns 4,062 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 3,924 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Freightcar America by 208.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 1,984 shares during the period. 31.96% of the stock is owned by institutional investors.
Analyst Ratings Changes
RAIL has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Freightcar America in a research note on Friday, June 5th. Zacks Research cut Freightcar America from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.
Freightcar America Price Performance
Shares of NASDAQ:RAIL opened at $8.16 on Thursday. The company has a market cap of $156.18 million, a price-to-earnings ratio of 11.03 and a beta of 1.44. Freightcar America, Inc. has a one year low of $7.27 and a one year high of $14.90. The firm has a fifty day moving average price of $8.30 and a two-hundred day moving average price of $9.70.
Freightcar America (NASDAQ:RAIL – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The business had revenue of $64.31 million during the quarter, compared to analysts’ expectations of $74.60 million. Freightcar America had a negative return on equity of 15.56% and a net margin of 6.25%. Equities research analysts expect that Freightcar America, Inc. will post 0.4 EPS for the current fiscal year.
Freightcar America Company Profile
FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.
Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.
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