Trexquant Investment LP Acquires 34,783 Shares of FreightCar America, Inc. (NASDAQ:RAIL)

Trexquant Investment LP boosted its holdings in FreightCar America, Inc. (NASDAQ:RAIL) by 135.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,557 shares of the transportation company’s stock after purchasing an additional 34,783 shares during the period. Trexquant Investment LP’s holdings in FreightCar America were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its stake in shares of FreightCar America by 125.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 389,018 shares of the transportation company’s stock valued at $3,486,000 after acquiring an additional 216,307 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 purchasing an additional 89,471 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FreightCar America by 12.4% during the third quarter. Geode Capital Management LLC now owns 180,618 shares of the transportation company’s stock valued at $1,950,000 after purchasing an additional 19,890 shares during the period. Consolidated Portfolio Review Corp bought a new position in shares of FreightCar America in the fourth quarter worth approximately $743,000. Finally, State Street Corp increased its stake in shares of FreightCar America by 21.6% in the third 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. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

FreightCar America Price Performance

Shares of NASDAQ:RAIL opened at $4.88 on Friday. FreightCar America, Inc. has a 1 year low of $3.02 and a 1 year high of $16.10. The stock’s 50-day moving average is $7.64 and its 200 day moving average is $9.96. The company has a market cap of $93.00 million, a PE ratio of -1.15 and a beta of 2.02.

FreightCar America (NASDAQ:RAIL) last posted its earnings results 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. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. The firm had revenue of $137.70 million for the quarter, compared to analysts’ expectations of $152.02 million. Analysts expect that FreightCar America, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

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

FreightCar America 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.