Two Sigma Investments LP Invests $254,000 in FreightCar America, Inc. (NASDAQ:RAIL)

Two Sigma Investments LP acquired a new position in FreightCar America, Inc. (NASDAQ:RAIL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,298 shares of the transportation company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its holdings in FreightCar America by 125.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 389,018 shares of the transportation company’s stock worth $3,486,000 after buying an additional 216,307 shares in the last quarter. Ancora Advisors LLC bought a new position in FreightCar America in the 4th quarter worth approximately $2,711,000. Renaissance Technologies LLC grew its holdings in FreightCar America by 128.5% in the 4th quarter. Renaissance Technologies LLC now owns 282,200 shares of the transportation company’s stock worth $2,529,000 after buying an additional 158,700 shares in the last quarter. Marshall Wace LLP bought a new position in FreightCar America in the 4th quarter worth approximately $2,399,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in FreightCar America by 90.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company’s stock worth $1,688,000 after buying an additional 89,471 shares in the last quarter. 31.96% of the stock is owned by institutional investors.

FreightCar America Stock Performance

Shares of NASDAQ RAIL opened at $8.88 on Thursday. The stock has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $8.41. The firm has a market cap of $169.08 million, a P/E ratio of -2.09 and a beta of 1.90. FreightCar America, Inc. has a 1 year low of $3.02 and a 1 year high of $16.10.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating 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 return on equity of 27.10% and a negative net margin of 20.66%. On average, research analysts predict that FreightCar America, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered FreightCar America from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Northcoast Research assumed coverage on FreightCar America in a report on Thursday, May 1st. They issued a “buy” rating and a $9.00 price objective for the company.

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.