Hillsdale Investment Management Inc. Has $3.22 Million Holdings in Freightcar America, Inc. $RAIL

Hillsdale Investment Management Inc. lifted its stake in shares of Freightcar America, Inc. (NASDAQ:RAIL) by 708.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,954 shares of the transportation company’s stock after buying an additional 254,954 shares during the period. Hillsdale Investment Management Inc.’s holdings in Freightcar America were worth $3,221,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RAIL. BNP Paribas Financial Markets lifted its holdings in Freightcar America by 208.6% during the third quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock worth $29,000 after acquiring an additional 1,984 shares during the period. Quarry LP bought a new stake in Freightcar America during the third quarter worth $53,000. Dynamic Technology Lab Private Ltd bought a new stake in Freightcar America during the first quarter worth $61,000. State of Wyoming bought a new stake in Freightcar America during the second quarter worth $63,000. Finally, Sender Co & Partners Inc. bought a new stake in Freightcar America during the third quarter worth $127,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings upgraded Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Wall Street Zen lowered Freightcar America from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Freightcar America Stock Performance

NASDAQ:RAIL opened at $7.60 on Monday. Freightcar America, Inc. has a 52-week low of $7.27 and a 52-week high of $14.90. The firm has a market cap of $145.46 million, a price-to-earnings ratio of 10.27 and a beta of 1.48. The business’s fifty day moving average is $8.27 and its 200 day moving average is $9.89.

Freightcar America (NASDAQ:RAIL) last released its quarterly earnings data on Monday, May 4th. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Freightcar America had a net margin of 6.25% and a negative return on equity of 15.56%. The company had revenue of $64.31 million for the quarter, compared to the consensus estimate of $74.60 million. Equities analysts predict that Freightcar America, Inc. will post 0.41 EPS for the current fiscal year.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.