Man Group plc Acquires Shares of 53,573 FreightCar America, Inc. (NASDAQ:RAIL)

Man Group plc purchased a new position in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 53,573 shares of the transportation company's stock, valued at approximately $480,000. Man Group plc owned 0.28% of FreightCar America as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RAIL. JPMorgan Chase & Co. boosted its stake in shares of FreightCar America by 98.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company's stock valued at $50,000 after purchasing an additional 2,281 shares in the last quarter. Globeflex Capital L P bought a new stake in FreightCar America during the 4th quarter valued at approximately $69,000. Quantbot Technologies LP raised its position in shares of FreightCar America by 80.8% in the 4th quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock worth $73,000 after acquiring an additional 3,632 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of FreightCar America in the 4th quarter worth approximately $152,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of FreightCar America by 758.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,372 shares of the transportation company's stock valued at $174,000 after purchasing an additional 17,115 shares in the last quarter. Institutional investors own 31.96% of the company's stock.

FreightCar America Stock Performance

Shares of RAIL traded down $0.10 during trading hours on Friday, hitting $7.89. The company had a trading volume of 173,167 shares, compared to its average volume of 274,822. The stock has a market capitalization of $150.23 million, a price-to-earnings ratio of -1.86 and a beta of 1.73. The firm has a fifty day moving average price of $6.15 and a 200-day moving average price of $8.50. FreightCar America, Inc. has a 52-week low of $3.02 and a 52-week high of $16.10.

FreightCar America (NASDAQ:RAIL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.16. The firm had revenue of $137.70 million for the quarter, compared to analysts' expectations of $152.02 million. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%. Research analysts anticipate that FreightCar America, Inc. will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RAIL has been the subject of a number of research reports. Northcoast Research initiated coverage on FreightCar America in a report on Thursday, May 1st. They issued a "buy" rating and a $9.00 price objective for the company. Wall Street Zen lowered shares of FreightCar America from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

About FreightCar America

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.