Russell Investments Group Ltd. Takes $236,000 Position in FreightCar America, Inc. (NASDAQ:RAIL)

Russell Investments Group Ltd. acquired a new stake in FreightCar America, Inc. (NASDAQ:RAIL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,392 shares of the transportation company’s stock, valued at approximately $236,000. Russell Investments Group Ltd. owned 0.14% of FreightCar America at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in FreightCar America by 98.4% in 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 during the period. Quantbot Technologies LP increased its holdings in FreightCar America by 80.8% in the fourth quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 3,632 shares during the period. Barclays PLC bought a new position in FreightCar America during the 3rd quarter worth $73,000. Globeflex Capital L P bought a new position in FreightCar America during the 4th quarter worth $69,000. Finally, State Street Corp lifted its holdings in FreightCar America by 21.6% during the 3rd quarter. State Street Corp now owns 53,958 shares of the transportation company’s stock worth $582,000 after buying an additional 9,600 shares during the period. Institutional investors own 31.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

FreightCar America Stock Performance

NASDAQ:RAIL opened at $6.45 on Friday. FreightCar America, Inc. has a 52 week low of $3.02 and a 52 week high of $16.10. The firm’s fifty day moving average is $6.44 and its 200-day moving average is $9.63. The firm has a market cap of $122.92 million, a P/E ratio of -1.52 and a beta of 2.02.

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