320,625 Shares in Freightcar America, Inc. $RAIL Bought by Nwam LLC

Key Points

• Nwam LLC acquired 320,625 shares of Freightcar America in the second quarter, valued at approximately $3.12 million and representing a 0.98% stake. Several other institutional investors also added or increased positions, with institutional ownership reaching 31.96%.
• RAIL shares opened at $6.69, near their 52-week low of $6.57 and well below the 52-week high of $14.90. The company reported a quarterly loss of $0.02 per share despite revenue of $113.14 million, slightly above analyst estimates.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock to “sell,” while Zacks upgraded it to “hold.” The two-analyst consensus rating is “Reduce.”

Nwam LLC bought a new position in shares of Freightcar America, Inc. (NASDAQ:RAIL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 320,625 shares of the transportation company's stock, valued at approximately $3,123,000. Nwam LLC owned 0.98% of Freightcar America at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp acquired a new stake in shares of Freightcar America in the second quarter valued at about $111,000. Penn Capital Management Company LLC raised its position in shares of Freightcar America by 134.7% during the second quarter. Penn Capital Management Company LLC now owns 339,200 shares of the transportation company's stock worth $3,304,000 after acquiring an additional 194,684 shares during the last quarter. Formula Growth Ltd. acquired a new position in shares of Freightcar America in the second quarter worth approximately $487,000. Bank of America Corp DE acquired a new position in shares of Freightcar America in the second quarter worth approximately $177,000. Finally, Man Group plc bought a new stake in Freightcar America in the second quarter valued at approximately $672,000. Institutional investors own 31.96% of the company's stock.

Freightcar America Stock Down 2.9%

Shares of NASDAQ:RAIL opened at $6.69 on Wednesday. Freightcar America, Inc. has a 1 year low of $6.57 and a 1 year high of $14.90. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.81 and a quick ratio of 1.12. The business's 50-day moving average is $8.03 and its 200-day moving average is $8.89. The company has a market capitalization of $219.37 million, a price-to-earnings ratio of -12.39 and a beta of 1.46.

Freightcar America (NASDAQ:RAIL - Get Free Report) last released its earnings results on Monday, August 3rd. The transportation company reported ($0.02) EPS for the quarter. The business had revenue of $113.14 million for the quarter, compared to analyst estimates of $110.41 million. Freightcar America had a negative return on equity of 15.23% and a negative net margin of 2.69%. Equities research analysts predict that Freightcar America, Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RAIL. Weiss Ratings lowered shares of Freightcar America from a "hold (c)" rating to a "sell (d)" rating in a report on Tuesday, August 4th. Zacks Research raised shares of Freightcar America from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Freightcar America presently has a consensus rating of "Reduce".

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.

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