Consolidated Portfolio Review Corp Takes $743,000 Position in FreightCar America, Inc. (NASDAQ:RAIL)

Consolidated Portfolio Review Corp bought a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 82,970 shares of the transportation company’s stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in FreightCar America during the third quarter worth approximately $49,000. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 2,281 shares during the last quarter. Barclays PLC bought a new stake in FreightCar America in the 3rd quarter valued at $73,000. Ritholtz Wealth Management acquired a new position in FreightCar America in the 4th quarter valued at $104,000. Finally, Janney Montgomery Scott LLC bought a new position in FreightCar America during the 4th quarter worth $180,000. Institutional investors and hedge funds own 31.96% of the company’s stock.

FreightCar America Trading Down 5.8 %

NASDAQ RAIL opened at $12.56 on Friday. The company has a market cap of $237.26 million, a price-to-earnings ratio of -2.96 and a beta of 1.96. The company has a 50 day moving average of $10.58 and a 200-day moving average of $9.61. FreightCar America, Inc. has a 1-year low of $2.70 and a 1-year high of $16.10.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Tuesday.

Insiders Place Their Bets

In other news, Director James R. Meyer bought 23,400 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of $10.74 per share, with a total value of $251,316.00. Following the acquisition, the director now directly owns 838,278 shares in the company, valued at $9,003,105.72. This represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.00% of the company’s 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.