FreightCar America (NASDAQ:RAIL) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of FreightCar America (NASDAQ:RAILGet Rating) from a sell rating to a hold rating in a research note released on Tuesday.

Shares of FreightCar America stock opened at $3.61 on Tuesday. The company has a fifty day moving average price of $4.66 and a 200 day moving average price of $4.39. The stock has a market cap of $59.69 million, a price-to-earnings ratio of -3.14 and a beta of 2.23. FreightCar America has a twelve month low of $3.06 and a twelve month high of $7.69.

FreightCar America (NASDAQ:RAILGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The transportation company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The firm had revenue of $93.24 million during the quarter. FreightCar America had a negative net margin of 10.05% and a negative return on equity of 3,048.14%. During the same period in the prior year, the firm posted ($0.48) earnings per share. On average, analysts predict that FreightCar America will post -0.27 earnings per share for the current year.

In related news, major shareholder Benavides Alejandro Gil bought 47,090 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of $3.70 per share, for a total transaction of $174,233.00. Following the purchase, the insider now owns 127,000 shares in the company, valued at approximately $469,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider W Matthew Tonn bought 9,850 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was bought at an average price of $3.48 per share, for a total transaction of $34,278.00. Following the purchase, the insider now owns 176,575 shares in the company, valued at approximately $614,481. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 84,490 shares of company stock valued at $309,456. 15.18% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. acquired a new stake in FreightCar America during the first quarter worth about $73,000. Jane Street Group LLC raised its stake in FreightCar America by 95.8% during the first quarter. Jane Street Group LLC now owns 41,093 shares of the transportation company’s stock worth $243,000 after acquiring an additional 20,107 shares during the period. Belvedere Trading LLC acquired a new stake in FreightCar America during the first quarter worth about $141,000. Minerva Advisors LLC grew its position in FreightCar America by 9.3% in the 4th quarter. Minerva Advisors LLC now owns 671,281 shares of the transportation company’s stock worth $2,470,000 after purchasing an additional 57,160 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in FreightCar America in the 1st quarter worth about $386,000. Hedge funds and other institutional investors own 86.59% of the company’s stock.

FreightCar America Company Profile (Get Rating)

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars.

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