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

Two Sigma Investments LP purchased a new stake in shares of FreightCar America, Inc. (NASDAQ:RAIL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,298 shares of the transportation company's stock, valued at approximately $254,000. Two Sigma Investments LP owned approximately 0.15% of FreightCar America at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RAIL. Globeflex Capital L P bought a new stake in FreightCar America during the fourth quarter valued at about $69,000. Quantbot Technologies LP raised its position in shares of FreightCar America by 80.8% during the 4th quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock valued at $73,000 after buying an additional 3,632 shares in the last quarter. State of Wyoming bought a new stake in FreightCar America in the fourth quarter worth $136,000. Graham Capital Management L.P. bought a new position in FreightCar America during the fourth quarter valued at $152,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of FreightCar America by 758.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 19,372 shares of the transportation company's stock valued at $174,000 after acquiring an additional 17,115 shares during the period. 31.96% of the stock is currently owned by institutional investors.

FreightCar America Price Performance

FreightCar America stock traded up $0.02 during mid-day trading on Thursday, reaching $8.90. 174,576 shares of the company traded hands, compared to its average volume of 278,897. The firm's fifty day moving average is $6.59 and its two-hundred day moving average is $8.41. The company has a market capitalization of $169.46 million, a price-to-earnings ratio of -2.10 and a beta of 1.90. FreightCar America, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $16.10.

FreightCar America (NASDAQ:RAIL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The transportation company reported $0.21 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $152.02 million. As a group, equities research analysts predict that FreightCar America, Inc. will post 0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.