FreightCar America, Inc. (NASDAQ:RAIL) Stock Holdings Increased by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 80.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,128 shares of the transportation company’s stock after purchasing an additional 3,632 shares during the quarter. Quantbot Technologies LP’s holdings in FreightCar America were worth $73,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of FreightCar America by 98.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 2,281 shares in the last quarter. Globeflex Capital L P bought a new position in FreightCar America during the fourth quarter valued at about $69,000. Barclays PLC acquired a new stake in shares of FreightCar America in the third quarter worth about $73,000. Ritholtz Wealth Management bought a new stake in shares of FreightCar America during the 4th quarter worth about $104,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of FreightCar America during the 4th quarter valued at about $180,000. 31.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered FreightCar America from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 26th.

FreightCar America Trading Down 2.0 %

NASDAQ RAIL opened at $5.53 on Tuesday. FreightCar America, Inc. has a 1 year low of $3.02 and a 1 year high of $16.10. The company has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $10.39. The company has a market cap of $105.40 million, a P/E ratio of -1.30 and a beta of 2.08.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. The company had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $152.02 million. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%. Equities research analysts forecast that FreightCar America, Inc. will post 0.09 EPS for the current fiscal 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.