Barclays PLC Buys Shares of 6,746 FreightCar America, Inc. (NASDAQ:RAIL)

Barclays PLC purchased a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,746 shares of the transportation company’s stock, valued at approximately $73,000.

A number of other hedge funds have also made changes to their positions in RAIL. Allspring Global Investments Holdings LLC acquired a new stake in shares of FreightCar America in the third quarter valued at about $1,067,000. Walleye Capital LLC bought a new stake in FreightCar America during the 3rd quarter valued at approximately $813,000. Centiva Capital LP acquired a new stake in FreightCar America in the 3rd quarter valued at approximately $453,000. Renaissance Technologies LLC increased its position in FreightCar America by 43.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after buying an additional 35,387 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of FreightCar America during the third quarter worth approximately $247,000. Institutional investors and hedge funds own 31.96% of the company’s stock.

Insider Activity at FreightCar America

In related news, Director James R. Meyer bought 23,400 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of $10.74 per share, for a total transaction of $251,316.00. Following the acquisition, the director now owns 838,278 shares of the company’s stock, valued at approximately $9,003,105.72. This represents a 2.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 28.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of FreightCar America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

FreightCar America Stock Performance

Shares of RAIL stock opened at $10.00 on Friday. FreightCar America, Inc. has a 52 week low of $2.40 and a 52 week high of $16.10. The stock has a market capitalization of $188.94 million, a PE ratio of -2.36 and a beta of 1.96. The stock’s fifty day moving average is $10.38 and its 200-day moving average is $8.39.

FreightCar America Company 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.