Walleye Capital LLC Makes New $820,000 Investment in FreightCar America, Inc. (NASDAQ:RAIL)

Walleye Capital LLC acquired a new stake in shares of FreightCar America, Inc. (NASDAQ:RAILGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 138,667 shares of the transportation company’s stock, valued at approximately $820,000. Walleye Capital LLC owned about 0.84% of FreightCar America as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. McClarren Financial Advisors Inc. acquired a new stake in shares of FreightCar America during the 1st quarter worth approximately $73,000. Belvedere Trading LLC acquired a new position in FreightCar America in the first quarter worth about $141,000. Jane Street Group LLC raised its position in FreightCar America by 95.8% in the first quarter. Jane Street Group LLC now owns 41,093 shares of the transportation company’s stock worth $243,000 after purchasing an additional 20,107 shares in the last quarter. Ancora Advisors LLC bought a new position in FreightCar America during the first quarter worth about $386,000. Finally, GSA Capital Partners LLP boosted its holdings in FreightCar America by 701.3% during the fourth quarter. GSA Capital Partners LLP now owns 87,249 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 76,361 shares in the last quarter. Institutional investors own 87.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on RAIL. StockNews.com upgraded FreightCar America from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Cowen upped their target price on shares of FreightCar America to $6.00 in a report on Monday, August 15th.

FreightCar America Price Performance

Shares of RAIL opened at $4.01 on Tuesday. The company has a market capitalization of $66.97 million, a P/E ratio of -9.11 and a beta of 2.18. FreightCar America, Inc. has a one year low of $3.06 and a one year high of $6.90. The business’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $4.55.

FreightCar America (NASDAQ:RAILGet Rating) last announced its earnings results on Monday, August 8th. The transportation company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). During the same period in the prior year, the company posted ($0.13) earnings per share. On average, sell-side analysts anticipate that FreightCar America, Inc. will post -0.49 EPS for the current fiscal year.

FreightCar America Profile

(Get Rating)

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars.

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

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