Jane Street Group LLC Lowers Stock Holdings in FreightCar America, Inc. (NASDAQ:RAIL)

Jane Street Group LLC reduced its position in shares of FreightCar America, Inc. (NASDAQ:RAIL - Free Report) by 51.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,114 shares of the transportation company's stock after selling 100,086 shares during the period. Jane Street Group LLC owned 0.51% of FreightCar America worth $861,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RAIL. Barclays PLC purchased a new stake in shares of FreightCar America during the third quarter worth about $73,000. JPMorgan Chase & Co. boosted its holdings in shares of FreightCar America by 98.4% during the third quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company's stock worth $50,000 after purchasing an additional 2,281 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of FreightCar America during the fourth quarter worth about $180,000. Consolidated Portfolio Review Corp purchased a new stake in shares of FreightCar America during the fourth quarter worth about $743,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of FreightCar America by 90.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company's stock worth $1,688,000 after purchasing an additional 89,471 shares during the period. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

FreightCar America Price Performance

RAIL traded up $0.48 on Thursday, hitting $7.99. The company had a trading volume of 253,628 shares, compared to its average volume of 273,179. FreightCar America, Inc. has a 52-week low of $3.02 and a 52-week high of $16.10. The stock has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $8.53. The firm has a market capitalization of $152.13 million, a P/E ratio of -1.88 and a beta of 1.73.

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

Wall Street Analyst Weigh In

Several analysts have commented on RAIL shares. Wall Street Zen lowered shares of FreightCar America from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Northcoast Research started coverage on shares of FreightCar America in a report on Thursday, May 1st. They issued a "buy" rating and a $9.00 price objective for the company.

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.