Two Sigma Investments LP Acquires New Holdings in FreightCar America, Inc. (NASDAQ:RAIL)

Two Sigma Investments LP purchased a new stake in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,298 shares of the transportation company's stock, valued at approximately $254,000. Two Sigma Investments LP owned 0.15% of FreightCar America as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of FreightCar America in the 4th quarter valued at $136,000. Man Group plc acquired a new position in shares of FreightCar America in the 4th quarter valued at $480,000. OMERS ADMINISTRATION Corp acquired a new position in shares of FreightCar America in the 4th quarter valued at $212,000. Millennium Management LLC grew its holdings in shares of FreightCar America by 170.7% in the 4th quarter. Millennium Management LLC now owns 140,108 shares of the transportation company's stock valued at $1,255,000 after buying an additional 88,356 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in shares of FreightCar America in the 4th quarter valued at $152,000. Institutional investors and hedge funds own 31.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

FreightCar America Stock Down 2.1%

RAIL traded down $0.19 during trading on Friday, hitting $8.71. The company had a trading volume of 222,919 shares, compared to its average volume of 280,704. The company has a market capitalization of $165.84 million, a PE ratio of -2.05 and a beta of 1.90. FreightCar America, Inc. has a one year low of $3.02 and a one year high of $16.10. The firm's 50-day moving average price is $6.76 and its 200 day moving average price is $8.39.

FreightCar America (NASDAQ:RAIL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $137.70 million for the quarter, compared to analysts' expectations of $152.02 million. Sell-side analysts forecast that FreightCar America, Inc. will post 0.09 earnings per share for the current year.

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.