Freightcar America, Inc. (NASDAQ:RAIL) Insider Sells $68,565.38 in Stock

Freightcar America, Inc. (NASDAQ:RAIL - Get Free Report) insider Celia Perez sold 7,982 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $8.59, for a total value of $68,565.38. Following the transaction, the insider now directly owns 50,326 shares of the company's stock, valued at $432,300.34. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Freightcar America Stock Down 1.8%

NASDAQ RAIL traded down $0.16 during trading hours on Friday, hitting $8.79. 118,919 shares of the company were exchanged, compared to its average volume of 284,012. The company has a 50 day moving average of $7.45 and a two-hundred day moving average of $8.29. Freightcar America, Inc. has a 52-week low of $3.02 and a 52-week high of $16.10. The firm has a market cap of $167.36 million, a price-to-earnings ratio of -9.45 and a beta of 1.90.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RAIL. Northcoast Research began coverage on Freightcar America in a 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 report on Wednesday, May 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RAIL. Ancora Advisors LLC purchased a new position in shares of Freightcar America in the 4th quarter valued at about $2,711,000. Marshall Wace LLP purchased a new position in shares of Freightcar America in the 4th quarter valued at about $2,399,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Freightcar America by 125.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 389,018 shares of the transportation company's stock valued at $3,486,000 after acquiring an additional 216,307 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Freightcar America by 128.5% in the 4th quarter. Renaissance Technologies LLC now owns 282,200 shares of the transportation company's stock valued at $2,529,000 after acquiring an additional 158,700 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Freightcar America by 435.5% in the 1st quarter. Russell Investments Group Ltd. now owns 141,337 shares of the transportation company's stock valued at $782,000 after acquiring an additional 114,945 shares during the last quarter. Hedge funds and other institutional investors own 31.96% of the company's stock.

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.