Renaissance Technologies LLC Has $2.53 Million Stock Holdings in FreightCar America, Inc. (NASDAQ:RAIL)

Renaissance Technologies LLC raised its stake in FreightCar America, Inc. (NASDAQ:RAIL - Free Report) by 128.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,200 shares of the transportation company's stock after acquiring an additional 158,700 shares during the quarter. Renaissance Technologies LLC owned approximately 1.49% of FreightCar America worth $2,529,000 as of its most recent SEC filing.

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

FreightCar America Stock Down 5.7 %

Shares of NASDAQ RAIL traded down $0.35 during trading on Wednesday, reaching $5.78. The company had a trading volume of 291,827 shares, compared to its average volume of 257,126. The stock has a market cap of $110.16 million, a P/E ratio of -1.36 and a beta of 2.02. The company's fifty day moving average price is $6.16 and its 200-day moving average price is $9.46. FreightCar America, Inc. has a 12 month low of $3.02 and a 12 month high of $16.10.

FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its earnings results on Wednesday, March 12th. The transportation company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.05 by $0.16. The business had revenue of $137.70 million for the quarter, compared to analysts' expectations of $152.02 million. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. As a group, equities analysts predict that FreightCar America, Inc. will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of FreightCar America from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 26th.

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.