Renaissance Technologies LLC Has $408,000 Stake in FreightCar America, Inc. (NASDAQ:RAIL)

Renaissance Technologies LLC lifted its stake in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 43.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 116,887 shares of the transportation company’s stock after acquiring an additional 35,387 shares during the period. Renaissance Technologies LLC owned 0.62% of FreightCar America worth $408,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP increased its holdings in shares of FreightCar America by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 5,880 shares in the last quarter. Institutional investors own 31.96% of the company’s stock.

FreightCar America Price Performance

Shares of RAIL opened at $11.88 on Friday. FreightCar America, Inc. has a 1-year low of $2.25 and a 1-year high of $13.17. The company has a market capitalization of $222.29 million, a P/E ratio of -7.71 and a beta of 2.02. The firm’s 50 day simple moving average is $8.01 and its 200 day simple moving average is $5.12.

FreightCar America (NASDAQ:RAIL) last released its earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same quarter in the previous year, the company posted $0.02 EPS. On average, equities analysts anticipate that FreightCar America, Inc. will post 0.2 earnings per share for the current year.

Insider Buying and Selling at FreightCar America

In other news, Director Nigris Felan Jose De bought 4,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the completion of the acquisition, the director now owns 73,147 shares in the company, valued at approximately $745,367.93. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director William D. Gehl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total value of $108,300.00. Following the sale, the director now directly owns 147,608 shares of the company’s stock, valued at $1,598,594.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nigris Felan Jose De acquired 4,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $10.19 per share, for a total transaction of $40,760.00. Following the acquisition, the director now owns 73,147 shares of the company’s stock, valued at approximately $745,367.93. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 28.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Noble Financial upgraded shares of FreightCar America to a “strong-buy” rating in a report on Friday, June 28th. StockNews.com downgraded FreightCar America from a “buy” rating to a “hold” rating in a research note on Friday, September 27th.

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.