FreightCar America, Inc. (NASDAQ:RAIL) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in FreightCar America, Inc. (NASDAQ:RAIL) by 66.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,416 shares of the transportation company’s stock after purchasing an additional 13,339 shares during the quarter. Sei Investments Co. owned 0.18% of FreightCar America worth $299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of FreightCar America by 90.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company’s stock valued at $1,688,000 after buying an additional 89,471 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new position in shares of FreightCar America in the 4th quarter worth $743,000. Raymond James Financial Inc. acquired a new stake in shares of FreightCar America during the fourth quarter worth $282,000. XTX Topco Ltd purchased a new stake in shares of FreightCar America during the third quarter valued at $247,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of FreightCar America in the 4th quarter valued at $180,000. 31.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

FreightCar America Stock Performance

FreightCar America stock opened at $4.71 on Friday. FreightCar America, Inc. has a 52 week low of $3.02 and a 52 week high of $16.10. The firm has a market capitalization of $89.77 million, a price-to-earnings ratio of -1.11 and a beta of 2.02. The company has a 50 day moving average price of $7.78 and a 200 day moving average price of $10.00.

FreightCar America (NASDAQ:RAIL) last issued its 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 business had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $152.02 million. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. Equities analysts forecast that FreightCar America, Inc. will post 0.09 earnings per share for the current fiscal year.

About FreightCar America

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.