FreightCar America, Inc. (NASDAQ:RAIL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 51.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,114 shares of the transportation company’s stock after selling 100,086 shares during the period. Jane Street Group LLC owned 0.51% of FreightCar America worth $861,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC purchased a new stake in FreightCar America during the fourth quarter worth $240,000. Tower Research Capital LLC TRC boosted its holdings in FreightCar America by 758.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,372 shares of the transportation company’s stock worth $174,000 after buying an additional 17,115 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in FreightCar America by 81.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,209 shares of the transportation company’s stock worth $549,000 after buying an additional 27,521 shares in the last quarter. Marshall Wace LLP purchased a new stake in FreightCar America during the fourth quarter worth $2,399,000. Finally, XTX Topco Ltd boosted its holdings in FreightCar America by 122.7% during the fourth quarter. XTX Topco Ltd now owns 50,905 shares of the transportation company’s stock worth $456,000 after buying an additional 28,044 shares in the last quarter. 31.96% of the stock is owned by hedge funds and other institutional investors.

FreightCar America Stock Down 3.2%

RAIL opened at $6.94 on Friday. The company has a market cap of $132.14 million, a price-to-earnings ratio of -1.64 and a beta of 1.73. FreightCar America, Inc. has a 52-week low of $3.02 and a 52-week high of $16.10. The firm’s fifty day simple moving average is $6.05 and its two-hundred day simple moving average is $8.73.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.16. The business had revenue of $137.70 million for the quarter, compared to the consensus estimate of $152.02 million. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%. On average, research analysts forecast that FreightCar America, Inc. will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of FreightCar America from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Northcoast Research initiated coverage on shares of FreightCar America in a report on Thursday, May 1st. They set a “buy” rating and a $9.00 price target on the stock.

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.