Hillsdale Investment Management Inc. Has $3.22 Million Stock Holdings in Freightcar America, Inc. $RAIL

Hillsdale Investment Management Inc. raised its position in Freightcar America, Inc. (NASDAQ:RAIL) by 708.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,954 shares of the transportation company’s stock after buying an additional 254,954 shares during the quarter. Hillsdale Investment Management Inc. owned 1.52% of Freightcar America worth $3,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Freightcar America during the 1st quarter worth $147,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Freightcar America during the 1st quarter worth $61,000. Goldman Sachs Group Inc. grew its holdings in shares of Freightcar America by 58.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 106,656 shares of the transportation company’s stock worth $590,000 after purchasing an additional 39,506 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Freightcar America by 13.1% during the 1st quarter. Jane Street Group LLC now owns 108,724 shares of the transportation company’s stock worth $601,000 after purchasing an additional 12,610 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Freightcar America during the 2nd quarter worth $813,000. 31.96% of the stock is owned by institutional investors and hedge funds.

Freightcar America Price Performance

Shares of RAIL opened at $7.60 on Monday. Freightcar America, Inc. has a 1 year low of $7.27 and a 1 year high of $14.90. The company has a market capitalization of $145.46 million, a price-to-earnings ratio of 10.27 and a beta of 1.48. The business has a 50-day moving average of $8.27 and a 200-day moving average of $9.89.

Freightcar America (NASDAQ:RAIL) last issued its quarterly earnings data on Monday, May 4th. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The company had revenue of $64.31 million for the quarter, compared to the consensus estimate of $74.60 million. Freightcar America had a negative return on equity of 15.56% and a net margin of 6.25%. As a group, sell-side analysts anticipate that Freightcar America, Inc. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

RAIL has been the topic of several research analyst reports. Weiss Ratings raised Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. Wall Street Zen lowered Freightcar America from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.