OMERS ADMINISTRATION Corp Has $399,000 Position in Freightcar America, Inc. $RAIL

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Freightcar America, Inc. by 204.2% in Q1, owning 72,100 shares worth approximately $399,000.
• Other institutional investors also boosted their holdings, with Barclays PLC increasing its position by 217.9%, now holding 21,445 shares valued at $193,000.
• Wall Street Zen downgraded Freightcar America from a "buy" to a "hold" rating, with an average price target of $9.00 for the stock.

OMERS ADMINISTRATION Corp boosted its holdings in shares of Freightcar America, Inc. (NASDAQ:RAIL - Free Report) by 204.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 72,100 shares of the transportation company's stock after acquiring an additional 48,400 shares during the period. OMERS ADMINISTRATION Corp owned 0.38% of Freightcar America worth $399,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Algert Global LLC grew its holdings in Freightcar America by 49.4% during the 1st quarter. Algert Global LLC now owns 20,950 shares of the transportation company's stock worth $116,000 after acquiring an additional 6,930 shares during the period. Mechanics Financial Corp acquired a new stake in Freightcar America during the 1st quarter worth $55,000. Walleye Capital LLC acquired a new stake in Freightcar America during the 1st quarter worth $74,000. Barclays PLC grew its holdings in Freightcar America by 217.9% during the 4th quarter. Barclays PLC now owns 21,445 shares of the transportation company's stock worth $193,000 after acquiring an additional 14,699 shares during the period. Finally, State of Wyoming bought a new position in shares of Freightcar America during the fourth quarter worth $136,000. Institutional investors and hedge funds own 31.96% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Freightcar America from a "hold" rating to a "buy" rating in a research report on Sunday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $9.00.

Insider Buying and Selling

In related news, insider Celia Perez sold 7,982 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $8.59, for a total value of $68,565.38. Following the sale, the insider directly owned 50,326 shares of the company's stock, valued at approximately $432,300.34. The trade was a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 28.70% of the company's stock.

Freightcar America Stock Down 2.1%

RAIL traded down $0.18 during trading on Tuesday, hitting $8.07. The company had a trading volume of 89,499 shares, compared to its average volume of 223,425. The company has a market capitalization of $154.28 million, a PE ratio of -11.54 and a beta of 1.95. Freightcar America, Inc. has a one year low of $4.31 and a one year high of $16.10. The firm's 50-day moving average price is $9.66 and its 200 day moving average price is $7.86.

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.