Marshall Wace LLP Purchases New Shares in FreightCar America, Inc. (NASDAQ:RAIL)

Marshall Wace LLP purchased a new stake in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 267,778 shares of the transportation company's stock, valued at approximately $2,399,000. Marshall Wace LLP owned 1.42% of FreightCar America at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in FreightCar America by 21.6% in the 3rd quarter. State Street Corp now owns 53,958 shares of the transportation company's stock valued at $582,000 after buying an additional 9,600 shares during the last quarter. Barclays PLC acquired a new stake in shares of FreightCar America in the third quarter valued at approximately $73,000. Geode Capital Management LLC lifted its position in shares of FreightCar America by 12.4% in the third quarter. Geode Capital Management LLC now owns 180,618 shares of the transportation company's stock worth $1,950,000 after purchasing an additional 19,890 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in FreightCar America by 98.4% during the third quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company's stock worth $50,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in FreightCar America in the fourth quarter valued at $104,000. 31.96% of the stock is currently owned by institutional investors.

FreightCar America Stock Up 3.0 %

Shares of NASDAQ:RAIL traded up $0.18 during midday trading on Friday, hitting $6.15. The stock had a trading volume of 76,895 shares, compared to its average volume of 257,534. The business's 50-day simple moving average is $6.12 and its 200-day simple moving average is $9.42. FreightCar America, Inc. has a 12 month low of $3.02 and a 12 month high of $16.10. The company has a market cap of $117.17 million, a P/E ratio of -1.45 and a beta of 2.02.

FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The transportation company reported $0.21 EPS for the quarter, beating 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 company had revenue of $137.70 million during the quarter, compared to the consensus estimate of $152.02 million. As a group, equities analysts predict that FreightCar America, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RAIL. StockNews.com cut shares of FreightCar America from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 26th. Northcoast Research initiated coverage on FreightCar America in a report on Thursday. They set a "buy" rating and a $9.00 target price on the stock.

FreightCar America Company 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.