Squarepoint Ops LLC Invests $290,000 in FreightCar America, Inc. (NASDAQ:RAIL)

Squarepoint Ops LLC bought a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,385 shares of the transportation company's stock, valued at approximately $290,000. Squarepoint Ops LLC owned 0.17% of FreightCar America at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Globeflex Capital L P bought a new position in shares of FreightCar America during the fourth quarter worth approximately $69,000. Quantbot Technologies LP grew its position in FreightCar America by 80.8% during the fourth quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock worth $73,000 after buying an additional 3,632 shares in the last quarter. State of Wyoming acquired a new stake in FreightCar America during the fourth quarter worth approximately $136,000. Graham Capital Management L.P. acquired a new stake in FreightCar America during the fourth quarter worth approximately $152,000. Finally, Tower Research Capital LLC TRC grew its position in 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 worth $174,000 after buying an additional 17,115 shares in the last quarter. Institutional investors own 31.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RAIL shares. Northcoast Research started coverage on FreightCar America in a research report on Thursday, May 1st. They set a "buy" rating and a $9.00 price target on the stock. Wall Street Zen downgraded FreightCar America from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

FreightCar America Price Performance

Shares of NASDAQ:RAIL opened at $8.33 on Friday. The company has a market capitalization of $158.60 million, a P/E ratio of -1.96 and a beta of 1.73. FreightCar America, Inc. has a 1 year low of $3.02 and a 1 year high of $16.10. The business's 50 day simple moving average is $6.39 and its 200 day simple moving average is $8.44.

FreightCar America (NASDAQ:RAIL - Get Free Report) last issued 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. The firm had revenue of $137.70 million for the quarter, compared to the consensus estimate of $152.02 million. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. On average, sell-side analysts anticipate that FreightCar America, Inc. will post 0.09 EPS for the current fiscal year.

FreightCar America Profile

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.

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