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

Globeflex Capital L P acquired a new stake in FreightCar America, Inc. (NASDAQ:RAIL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,709 shares of the transportation company’s stock, valued at approximately $69,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of FreightCar America during the 3rd quarter valued at $49,000. JPMorgan Chase & Co. raised its holdings in FreightCar America by 98.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock worth $50,000 after purchasing an additional 2,281 shares during the period. Barclays PLC bought a new position in FreightCar America in the 3rd quarter worth $73,000. Ritholtz Wealth Management bought a new position in FreightCar America in the 4th quarter worth $104,000. Finally, Janney Montgomery Scott LLC purchased a new stake in FreightCar America in the 4th quarter worth $180,000. 31.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

FreightCar America Stock Down 10.1 %

Shares of FreightCar America stock opened at $6.58 on Friday. The firm has a market cap of $125.41 million, a price-to-earnings ratio of -1.55 and a beta of 2.08. The business has a 50-day moving average price of $10.30 and a 200-day moving average price of $10.51. FreightCar America, Inc. has a twelve month low of $3.02 and a twelve month high of $16.10.

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

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.