Ancora Advisors LLC Has $62,000 Position in Freightcar America, Inc. $RAIL

Key Points

• Ancora Advisors cut its Freightcar America stake by 95.8% in the second quarter, selling 143,623 shares and retaining 6,360 shares valued at approximately $62,000. Institutional investors and hedge funds collectively own 31.96% of the company.
• Freightcar America reported a quarterly loss of $0.02 per share, while revenue of $113.14 million exceeded analyst expectations of $110.41 million. The company posted a negative net margin of 2.69% and negative return on equity of 15.23%.
• Shares opened at $7.10, near the lower end of their 52-week range of $6.57 to $14.90. Analyst sentiment remains cautious, with one Hold and one Sell rating and an overall “Reduce” consensus.

Ancora Advisors LLC decreased its holdings in shares of Freightcar America, Inc. (NASDAQ:RAIL - Free Report) by 95.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,360 shares of the transportation company's stock after selling 143,623 shares during the period. Ancora Advisors LLC's holdings in Freightcar America were worth $62,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RAIL. BNP Paribas Financial Markets grew its holdings in Freightcar America by 208.6% in the third quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company's stock worth $29,000 after purchasing an additional 1,984 shares during the period. Royal Bank of Canada increased its stake in Freightcar America by 2,843.5% in the fourth quarter. Royal Bank of Canada now owns 4,062 shares of the transportation company's stock valued at $45,000 after purchasing an additional 3,924 shares in the last quarter. Quarry LP acquired a new position in shares of Freightcar America during the third quarter valued at about $53,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Freightcar America during the first quarter valued at about $61,000. Finally, State of Wyoming acquired a new position in shares of Freightcar America during the second quarter valued at about $63,000. Institutional investors and hedge funds own 31.96% of the company's stock.

Freightcar America Trading Up 1.3%

Shares of RAIL stock opened at $7.10 on Friday. Freightcar America, Inc. has a 52-week low of $6.57 and a 52-week high of $14.90. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.12 and a current ratio of 1.81. The company has a 50-day simple moving average of $7.86 and a two-hundred day simple moving average of $8.79. The company has a market capitalization of $232.81 million, a price-to-earnings ratio of -13.15 and a beta of 1.46.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on RAIL shares. Zacks Research raised Freightcar America from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Weiss Ratings lowered Freightcar America from a "hold (c)" rating to a "sell (d)" rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average 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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