Rhumbline Advisers increased its position in shares of Freightcar America, Inc. (NASDAQ:RAIL) by 2.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,664 shares of the transportation company’s stock after acquiring an additional 387 shares during the period. Rhumbline Advisers owned about 0.13% of Freightcar America worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Ironwood Investment Management LLC grew its position in Freightcar America by 3.8% during the 1st quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock worth $147,000 after acquiring an additional 433 shares during the last quarter. Malaga Cove Capital LLC grew its position in Freightcar America by 3.0% during the 2nd quarter. Malaga Cove Capital LLC now owns 23,676 shares of the transportation company’s stock worth $413,000 after acquiring an additional 700 shares during the last quarter. Steelhead Partners LLC grew its position in Freightcar America by 2.9% during the 1st quarter. Steelhead Partners LLC now owns 38,600 shares of the transportation company’s stock worth $484,000 after acquiring an additional 1,100 shares during the last quarter. Geode Capital Management LLC grew its position in Freightcar America by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 98,883 shares of the transportation company’s stock worth $1,239,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Freightcar America by 1.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 323,036 shares of the transportation company’s stock worth $5,617,000 after acquiring an additional 4,624 shares during the last quarter. Institutional investors and hedge funds own 82.74% of the company’s stock.

Shares of Freightcar America, Inc. (NASDAQ:RAIL) opened at 19.15 on Thursday. The company has a market cap of $238.00 million, a price-to-earnings ratio of 736.54 and a beta of 1.63. The firm has a 50 day moving average price of $18.43 and a 200-day moving average price of $16.63. Freightcar America, Inc. has a 52-week low of $10.87 and a 52-week high of $20.46.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. The firm had revenue of $118.67 million for the quarter, compared to analysts’ expectations of $108.43 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Freightcar America, Inc. will post ($0.21) earnings per share for the current year.

RAIL has been the topic of a number of research reports. Zacks Investment Research upgraded Freightcar America from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price target on shares of Freightcar America in a research report on Thursday, September 21st. Cowen and Company reiterated a “hold” rating and issued a $15.00 price target on shares of Freightcar America in a research report on Tuesday, July 11th. Finally, Buckingham Research began coverage on Freightcar America in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 price target on the stock. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

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Freightcar America Profile

FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

Institutional Ownership by Quarter for Freightcar America (NASDAQ:RAIL)

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