Consolidated Portfolio Review Corp Purchases Shares of 82,970 FreightCar America, Inc. (NASDAQ:RAIL)

Consolidated Portfolio Review Corp acquired a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,970 shares of the transportation company’s stock, valued at approximately $743,000. Consolidated Portfolio Review Corp owned 0.44% of FreightCar America at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in FreightCar America during the 3rd quarter worth approximately $1,067,000. Walleye Capital LLC bought a new stake in shares of FreightCar America in the third quarter worth $813,000. Centiva Capital LP acquired a new position in FreightCar America during the third quarter worth $453,000. Renaissance Technologies LLC grew its position in FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 35,387 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in FreightCar America in the 3rd quarter valued at $247,000. 31.96% of the stock is currently owned by institutional investors.

FreightCar America Stock Down 5.8 %

Shares of FreightCar America stock opened at $12.56 on Friday. The stock has a market cap of $237.26 million, a P/E ratio of -2.96 and a beta of 1.96. FreightCar America, Inc. has a 12-month low of $2.70 and a 12-month high of $16.10. The business’s 50 day moving average is $10.58 and its 200-day moving average is $9.61.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Tuesday.

Insiders Place Their Bets

In other FreightCar America news, Director James R. Meyer purchased 23,400 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $10.74 per share, with a total value of $251,316.00. Following the completion of the transaction, the director now directly owns 838,278 shares in the company, valued at $9,003,105.72. This represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.00% of the company’s stock.

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.