205,198 Shares in Freightcar America, Inc. $RAIL Acquired by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC purchased a new position in shares of Freightcar America, Inc. (NASDAQ:RAIL) in the 3rd quarter, Holdings Channel reports. The firm purchased 205,198 shares of the transportation company’s stock, valued at approximately $2,007,000.

A number of other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its holdings in shares of Freightcar America by 24.7% in the 2nd quarter. Raymond James Financial Inc. now owns 20,545 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 4,067 shares during the last quarter. AlphaQuest LLC raised its position in shares of Freightcar America by 30.8% in the 2nd quarter. AlphaQuest LLC now owns 21,181 shares of the transportation company’s stock worth $183,000 after buying an additional 4,984 shares during the period. Ritholtz Wealth Management boosted its holdings in Freightcar America by 54.6% in the second quarter. Ritholtz Wealth Management now owns 16,382 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 5,789 shares during the last quarter. State of Wyoming purchased a new stake in Freightcar America during the second quarter valued at about $63,000. Finally, Pacific Wealth Strategies Group Inc. purchased a new stake in Freightcar America during the second quarter valued at about $87,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Freightcar America Stock Up 3.7%

Shares of NASDAQ:RAIL opened at $13.47 on Wednesday. The company has a market capitalization of $257.01 million, a price-to-earnings ratio of 5.10 and a beta of 1.77. The company has a 50 day moving average of $10.88 and a two-hundred day moving average of $9.64. Freightcar America, Inc. has a 52-week low of $4.31 and a 52-week high of $13.74.

Freightcar America (NASDAQ:RAIL) last announced its earnings results on Monday, November 10th. The transportation company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.08. Freightcar America had a net margin of 17.40% and a negative return on equity of 17.35%. The business had revenue of $160.51 million during the quarter, compared to the consensus estimate of $157.25 million. On average, equities analysts anticipate that Freightcar America, Inc. will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Freightcar America in a report on Thursday, January 22nd. Wall Street Zen raised shares of Freightcar America from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Freightcar America presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Freightcar America Profile

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.