Minerva Advisors LLC Trims Holdings in FreightCar America, Inc. (NASDAQ:RAIL)

Minerva Advisors LLC trimmed its stake in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) by 47.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,005 shares of the transportation company's stock after selling 200,099 shares during the period. FreightCar America accounts for approximately 1.1% of Minerva Advisors LLC's holdings, making the stock its 23rd largest position. Minerva Advisors LLC owned about 1.16% of FreightCar America worth $1,956,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RAIL. Allspring Global Investments Holdings LLC purchased a new position in FreightCar America during the third quarter valued at approximately $1,067,000. Consolidated Portfolio Review Corp purchased a new position in shares of FreightCar America during the 4th quarter valued at $743,000. Barclays PLC bought a new position in FreightCar America in the 3rd quarter worth $73,000. JPMorgan Chase & Co. raised its holdings in FreightCar America by 98.4% during the third 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 during the period. Finally, Walleye Capital LLC bought a new stake in FreightCar America during the third quarter valued at about $813,000. 31.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised FreightCar America from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

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FreightCar America Trading Up 4.2 %

RAIL traded up $0.33 during trading hours on Friday, hitting $8.11. The company's stock had a trading volume of 198,594 shares, compared to its average volume of 200,046. The stock has a market cap of $153.23 million, a price-to-earnings ratio of -1.91 and a beta of 1.96. The business's 50-day moving average price is $10.76 and its 200-day moving average price is $10.35. FreightCar America, Inc. has a 12 month low of $2.86 and a 12 month high of $16.10.

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.