Nwam LLC Takes $3.12 Million Position in Freightcar America, Inc. $RAIL

Nwam LLC acquired a new position in shares of Freightcar America, Inc. (NASDAQ:RAIL) during the second quarter, Holdings Channel reports. The fund acquired 320,625 shares of the transportation company’s stock, valued at approximately $3,123,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Freightcar America by 208.6% in the third quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock worth $29,000 after acquiring an additional 1,984 shares in the last quarter. Royal Bank of Canada grew its stake in Freightcar America by 2,843.5% in the fourth quarter. Royal Bank of Canada now owns 4,062 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 3,924 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Freightcar America by 24.7% during the second quarter. Raymond James Financial Inc. now owns 20,545 shares of the transportation company’s stock valued at $177,000 after acquiring an additional 4,067 shares in the last quarter. Man Group plc increased its holdings in shares of Freightcar America by 15.8% during the fourth quarter. Man Group plc now owns 30,743 shares of the transportation company’s stock valued at $340,000 after acquiring an additional 4,191 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Freightcar America during the third quarter worth approximately $53,000. 31.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RAIL. Weiss Ratings cut Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Freightcar America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Freightcar America presently has a consensus rating of “Reduce”.

Freightcar America Price Performance

Shares of NASDAQ RAIL opened at $6.69 on Wednesday. Freightcar America, Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $14.90. The stock has a market cap of $219.37 million, a price-to-earnings ratio of -12.39 and a beta of 1.46. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.12 and a current ratio of 1.81. The firm’s 50-day simple moving average is $8.03 and its 200 day simple moving average is $8.89.

Freightcar America (NASDAQ:RAIL) last issued its quarterly earnings data on Monday, August 3rd. The transportation company reported ($0.02) EPS for the quarter. The company had revenue of $113.14 million for the quarter, compared to the consensus estimate of $110.41 million. Freightcar America had a negative return on equity of 15.23% and a negative net margin of 2.69%. As a group, research analysts anticipate that Freightcar America, Inc. will post 0.35 earnings per share for the current fiscal year.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.