Pacific Ridge Capital Partners LLC raised its position in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 3.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 172,709 shares of the transportation company’s stock after acquiring an additional 5,168 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in FreightCar America were worth $2,775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in shares of FreightCar America by 1.4% during the third quarter. Russell Investments Group Ltd. now owns 1,506,124 shares of the transportation company’s stock worth $24,203,000 after buying an additional 20,391 shares during the last quarter. Royce & Associates LP grew its stake in shares of FreightCar America by 15.0% during the second quarter. Royce & Associates LP now owns 1,460,910 shares of the transportation company’s stock worth $24,529,000 after buying an additional 190,689 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of FreightCar America by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,048,365 shares of the transportation company’s stock worth $16,847,000 after buying an additional 12,098 shares during the last quarter. BlackRock Inc. grew its stake in shares of FreightCar America by 1.1% during the third quarter. BlackRock Inc. now owns 850,136 shares of the transportation company’s stock worth $13,662,000 after buying an additional 8,887 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of FreightCar America by 4.1% during the second quarter. Wells Fargo & Company MN now owns 760,776 shares of the transportation company’s stock worth $12,783,000 after buying an additional 30,042 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

NASDAQ RAIL opened at $8.45 on Friday. FreightCar America, Inc. has a fifty-two week low of $8.19 and a fifty-two week high of $20.14.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings data on Wednesday, October 31st. The transportation company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.24). FreightCar America had a negative return on equity of 9.80% and a negative net margin of 8.46%. The business had revenue of $78.97 million during the quarter, compared to the consensus estimate of $66.00 million. Equities analysts forecast that FreightCar America, Inc. will post -1.58 earnings per share for the current year.

In other FreightCar America news, insider James R. Meyer acquired 5,000 shares of FreightCar America stock in a transaction that occurred on Wednesday, November 7th. The shares were bought at an average price of $9.86 per share, with a total value of $49,300.00. Following the completion of the purchase, the insider now directly owns 35,006 shares in the company, valued at approximately $345,159.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders purchased 8,500 shares of company stock worth $82,930. 6.51% of the stock is currently owned by insiders.

A number of research firms have weighed in on RAIL. Zacks Investment Research cut shares of FreightCar America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 17th. CL King cut shares of FreightCar America from a “buy” rating to a “neutral” rating in a research note on Thursday, November 1st. ValuEngine cut shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Buckingham Research boosted their target price on shares of FreightCar America from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. FreightCar America presently has a consensus rating of “Hold” and an average price target of $18.00.

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About FreightCar America

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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

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