Graham Capital Management L.P. Takes Position in FreightCar America, Inc. (NASDAQ:RAIL)

Graham Capital Management L.P. purchased a new stake in shares of FreightCar America, Inc. (NASDAQ:RAIL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,987 shares of the transportation company’s stock, valued at approximately $152,000. Graham Capital Management L.P. owned approximately 0.09% of FreightCar America as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of FreightCar America by 125.2% during 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 in the last quarter. Ancora Advisors LLC purchased a new position in shares of FreightCar America during the 4th quarter valued at $2,711,000. Renaissance Technologies LLC grew its holdings in shares of FreightCar America by 128.5% during the 4th quarter. Renaissance Technologies LLC now owns 282,200 shares of the transportation company’s stock valued at $2,529,000 after acquiring an additional 158,700 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of FreightCar America during the 4th quarter valued at $2,399,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of FreightCar America by 90.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company’s stock valued at $1,688,000 after acquiring an additional 89,471 shares in the last quarter. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RAIL. Northcoast Research began coverage on shares of FreightCar America in a research note on Thursday, May 1st. They issued a “buy” rating and a $9.00 price objective for the company. StockNews.com lowered shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

FreightCar America Trading Down 2.5%

RAIL stock opened at $7.54 on Tuesday. FreightCar America, Inc. has a 1 year low of $3.02 and a 1 year high of $16.10. The company has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $8.82. The firm has a market cap of $143.56 million, a PE ratio of -1.78 and a beta of 1.73.

FreightCar America (NASDAQ:RAIL) last released its earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.16. The firm had revenue of $137.70 million during the quarter, compared to analyst estimates of $152.02 million. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%. As a group, analysts forecast that FreightCar America, Inc. will post 0.09 EPS for the current fiscal 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.