Institutional Investors Are Dumping Freightcar America Inc (NASDAQ:RAIL)

January 23, 2018 - By Richard Conner

 Institutional Investors Are Dumping Freightcar America Inc (NASDAQ:RAIL)

Sentiment for Freightcar America Inc (NASDAQ:RAIL)

Freightcar America Inc (NASDAQ:RAIL) institutional sentiment decreased to 0.88 in 2017 Q3. Its down -0.61, from 1.49 in 2017Q2. The ratio dived, as 37 active investment managers opened new and increased equity positions, while 42 reduced and sold their holdings in Freightcar America Inc. The active investment managers in our partner’s database now hold: 9.73 million shares, up from 9.51 million shares in 2017Q2. Also, the number of active investment managers holding Freightcar America Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 35 Increased: 22 New Position: 15.

FreightCar America, Inc., through its subsidiaries, designs, makes, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company has market cap of $201.68 million. The firm offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats. It currently has negative earnings. It also provides stainless steel and hybrid stainless steel, and aluminum-bodied railcars, such as coal cars; and mill gondolas, coil gondolas, triple hoppers, ore hoppers, ballast hopper cars, aggregate hopper cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.

The stock decreased 0.73% or $0.12 during the last trading session, reaching $16.27. About 27,897 shares traded. FreightCar America, Inc. (NASDAQ:RAIL) has risen 17.23% since January 23, 2017 and is uptrending. It has outperformed by 0.53% the S&P500.

Analysts await FreightCar America, Inc. (NASDAQ:RAIL) to report earnings on February, 26. They expect $-0.37 earnings per share, down 628.57 % or $0.44 from last year’s $0.07 per share. After $-0.73 actual earnings per share reported by FreightCar America, Inc. for the previous quarter, Wall Street now forecasts -49.32 % EPS growth.

Walthausen & Co. Llc holds 0.81% of its portfolio in FreightCar America, Inc. for 441,560 shares. Shufro Rose & Co Llc owns 376,413 shares or 0.74% of their US portfolio. Moreover, Oberweis Asset Management Inc has 0.33% invested in the company for 61,500 shares. The California-based Malaga Cove Capital Llc has invested 0.27% in the stock. Pinnacle Holdings Llc, a Oklahoma-based fund reported 36,997 shares.#img1#

FreightCar America, Inc. (NASDAQ:RAIL) Ratings Coverage

Ratings analysis reveals 0 of FreightCar America’s analysts are positive. Out of 4 Wall Street analysts rating FreightCar America, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $13 while the high is $24. The stock’s average target of $18 is 10.63% above today’s ($16.27) share price. RAIL was included in 12 notes of analysts from August 7, 2015. On Friday, September 8 the stock rating was maintained by Cowen & Co with “Hold”. The stock has “Neutral” rating by Longbow on Wednesday, May 4. Stifel Nicolaus maintained FreightCar America, Inc. (NASDAQ:RAIL) on Tuesday, November 7 with “Hold” rating. Longbow initiated FreightCar America, Inc. (NASDAQ:RAIL) on Wednesday, June 21 with “Hold” rating. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, July 13. The firm has “Hold” rating by Cowen & Co given on Monday, July 10. Cowen & Co maintained the shares of RAIL in report on Wednesday, November 2 with “Market Perform” rating. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, September 19. Stifel Nicolaus maintained it with “Hold” rating and $1500 target in Thursday, August 3 report. The company was upgraded on Friday, August 7 by Zacks.

More notable recent FreightCar America, Inc. (NASDAQ:RAIL) news were published by: Fool.com which released: “FreightCar America, Inc. Goes Full Throttle While American Railcar Industries …” on June 07, 2017, also Seekingalpha.com with their article: “FreightCar America’s (RAIL) CEO Joseph McNeely on Q1 2017 Results – Earnings …” published on May 07, 2017, Seekingalpha.com published: “FreightCar America: This Railcar Maker Is On Track To Be Acquired” on December 27, 2016. More interesting news about FreightCar America, Inc. (NASDAQ:RAIL) were released by: Globenewswire.com and their article: “FreightCar America, Inc. Reports Third Quarter 2017 Results” published on November 01, 2017 as well as Seekingalpha.com‘s news article titled: “Freightcar America Hasn’t Bottomed” with publication date: February 28, 2017.

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