Consolidated Portfolio Review Corp Buys Shares of 82,970 FreightCar America, Inc. (NASDAQ:RAIL)

Consolidated Portfolio Review Corp purchased a new stake in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 82,970 shares of the transportation company's stock, valued at approximately $743,000. Consolidated Portfolio Review Corp owned 0.44% of FreightCar America 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 RAIL. Quantbot Technologies LP acquired a new stake in shares of FreightCar America in the third quarter valued at approximately $49,000. JPMorgan Chase & Co. raised its holdings in FreightCar America by 98.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company's stock valued at $50,000 after acquiring an additional 2,281 shares in the last quarter. Barclays PLC bought a new stake in shares of FreightCar America during the 3rd quarter valued at $73,000. Ritholtz Wealth Management acquired a new stake in shares of FreightCar America during the 4th quarter worth $104,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock worth $104,000 after purchasing an additional 5,880 shares in the last quarter. 31.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of FreightCar America from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th.

FreightCar America Stock Performance

Shares of NASDAQ RAIL traded down $0.35 during trading hours on Tuesday, hitting $12.70. 114,022 shares of the stock were exchanged, compared to its average volume of 181,671. The company's fifty day simple moving average is $10.74 and its two-hundred day simple moving average is $9.90. The company has a market cap of $239.90 million, a PE ratio of -3.00 and a beta of 1.96. FreightCar America, Inc. has a 1-year low of $2.86 and a 1-year high of $16.10.

Insiders Place Their Bets

In other FreightCar America news, Director James R. Meyer bought 23,400 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $10.74 per share, with a total value of $251,316.00. Following the completion of the purchase, the director now owns 838,278 shares in the company, valued at $9,003,105.72. The trade was a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 28.00% of the company's stock.

FreightCar America Profile

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.