FreightCar America, Inc. (NASDAQ:RAIL) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL - Free Report) by 125.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 389,018 shares of the transportation company's stock after buying an additional 216,307 shares during the period. Arrowstreet Capital Limited Partnership owned 2.06% of FreightCar America worth $3,486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of FreightCar America by 66.4% during the fourth quarter. Sei Investments Co. now owns 33,416 shares of the transportation company's stock valued at $299,000 after purchasing an additional 13,339 shares during the last quarter. Quantbot Technologies LP grew its stake in FreightCar America by 80.8% during the 4th quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock worth $73,000 after buying an additional 3,632 shares during the last quarter. Globeflex Capital L P bought a new position in FreightCar America during the 4th quarter worth $69,000. Raymond James Financial Inc. acquired a new stake in FreightCar America in the fourth quarter worth $282,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in FreightCar America by 90.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company's stock valued at $1,688,000 after buying an additional 89,471 shares during the last quarter. Institutional investors and hedge funds own 31.96% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of FreightCar America from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 26th.

FreightCar America Price Performance

Shares of NASDAQ RAIL traded up $0.16 during midday trading on Monday, hitting $5.04. 8,668 shares of the company's stock were exchanged, compared to its average volume of 238,434. FreightCar America, Inc. has a twelve month low of $3.02 and a twelve month high of $16.10. The firm has a market cap of $95.96 million, a P/E ratio of -1.19 and a beta of 2.02. The stock's 50 day moving average price is $7.64 and its 200-day moving average price is $9.96.

FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.16. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. The company had revenue of $137.70 million during the quarter, compared to analyst estimates of $152.02 million. On average, analysts expect that FreightCar America, Inc. will post 0.09 EPS for the current fiscal year.

About FreightCar America

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.