L.B. Foster Company (FSTR) Position Increased by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. boosted its stake in L.B. Foster Company (NASDAQ:FSTR) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,765 shares of the basic materials company’s stock after acquiring an additional 4,537 shares during the period. Kennedy Capital Management Inc. owned 3.00% of L.B. Foster worth $6,644,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in L.B. Foster in the second quarter valued at $128,000. Segantii Capital Management Ltd boosted its holdings in L.B. Foster by 550.0% in the first quarter. Segantii Capital Management Ltd now owns 11,700 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 9,900 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in L.B. Foster in the second quarter valued at $206,000. ClariVest Asset Management LLC boosted its holdings in L.B. Foster by 36.0% in the first quarter. ClariVest Asset Management LLC now owns 17,928 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 4,749 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in L.B. Foster in the second quarter valued at $226,000. Institutional investors and hedge funds own 71.12% of the company’s stock.
Shares of L.B. Foster Company (FSTR) opened at 19.30 on Tuesday. The company has a 50-day moving average of $18.47 and a 200 day moving average of $17.05. L.B. Foster Company has a 12-month low of $9.25 and a 12-month high of $22.00. The company’s market cap is $199.60 million.
L.B. Foster (NASDAQ:FSTR) last released its earnings results on Thursday, August 3rd. The basic materials company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.32. L.B. Foster had a negative return on equity of 27.82% and a negative net margin of 9.83%. The business had revenue of $144.86 million for the quarter. On average, equities research analysts expect that L.B. Foster Company will post ($0.81) EPS for the current year.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/12/l-b-foster-company-fstr-position-increased-by-kennedy-capital-management-inc.html.
L.B. Foster Company Profile
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
Want to see what other hedge funds are holding FSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L.B. Foster Company (NASDAQ:FSTR).
Receive News & Stock Ratings for L.B. Foster Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster Company and related stocks with our FREE daily email newsletter.