7,709 Shares in FreightCar America, Inc. (NASDAQ:RAIL) Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new stake in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,709 shares of the transportation company’s stock, valued at approximately $69,000.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of FreightCar America by 98.4% during the third quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,281 shares during the last quarter. Quantbot Technologies LP purchased a new stake in FreightCar America in the third quarter worth $49,000. Barclays PLC purchased a new stake in FreightCar America in the third quarter worth $73,000. State Street Corp increased its stake in FreightCar America by 21.6% in the third quarter. State Street Corp now owns 53,958 shares of the transportation company’s stock worth $582,000 after purchasing an additional 9,600 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in FreightCar America in the fourth quarter worth $104,000. Institutional investors own 31.96% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded FreightCar America from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

FreightCar America Trading Down 10.1 %

RAIL opened at $6.58 on Friday. FreightCar America, Inc. has a 12-month low of $3.02 and a 12-month high of $16.10. The business’s fifty day simple moving average is $10.30 and its 200-day simple moving average is $10.51. The company has a market capitalization of $125.41 million, a price-to-earnings ratio of -1.55 and a beta of 2.08.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.16. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. The business had revenue of $137.70 million for the quarter, compared to the consensus estimate of $152.02 million. On average, equities research analysts predict that FreightCar America, Inc. will post 0.09 EPS for the current year.

FreightCar America Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.