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

November 14, 2017 - By Marie Mckinney

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

Sentiment for Freightcar America Inc (NASDAQ:RAIL)

Freightcar America Inc (NASDAQ:RAIL) institutional sentiment increased to 1.49 in 2017 Q2. Its up 0.23, from 1.26 in 2017Q1. The ratio improved, as 52 funds increased or opened new positions, while 35 reduced and sold stock positions in Freightcar America Inc. The funds in our partner’s database now possess: 9.51 million shares, up from 8.68 million shares in 2017Q1. Also, the number of funds holding Freightcar America Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 14 Reduced: 21 Increased: 24 New Position: 28.

FreightCar America, Inc. is a manufacturer of railcars and railcar components. The company has market cap of $192.75 million. The Firm operates in the Manufacturing segment. It currently has negative earnings. The Firm creates and makes a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

About 5,633 shares traded. FreightCar America, Inc. (NASDAQ:RAIL) has risen 17.23% since November 14, 2016 and is uptrending. It has outperformed by 0.53% the S&P500.

Analysts expect FreightCar America, Inc. (NASDAQ:RAIL) to report $-0.37 EPS on February, 26.They anticipate $0.44 EPS change or 628.57 % from last quarter’s $0.07 EPS. After having $-0.73 EPS previously, FreightCar America, Inc.’s analysts see -49.32 % EPS growth.

Walthausen & Co. Llc holds 0.76% of its portfolio in FreightCar America, Inc. for 444,290 shares. Shufro Rose & Co Llc owns 378,713 shares or 0.7% of their US portfolio. Moreover, Tfs Capital Llc has 0.33% invested in the company for 48,715 shares. The Illinois-based Oberweis Asset Management Inc has invested 0.29% in the stock. Malaga Cove Capital Llc, a California-based fund reported 23,676 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $94,414 activity.

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

Ratings analysis reveals 0 of FreightCar America’s analysts are positive. Out of 3 Wall Street analysts rating FreightCar America, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13 while the high is $24. The stock’s average target of $18 is 15.76% above today’s ($15.55) share price. RAIL was included in 11 notes of analysts from August 7, 2015. The stock of FreightCar America, Inc. (NASDAQ:RAIL) earned “Hold” rating by Stifel Nicolaus on Wednesday, July 13. Zacks upgraded the stock to “Hold” rating in Friday, August 7 report. The firm has “Hold” rating by Cowen & Co given on Monday, July 10. Stifel Nicolaus maintained it with “Hold” rating and $15.0 target in Tuesday, September 19 report. The stock of FreightCar America, Inc. (NASDAQ:RAIL) has “Hold” rating given on Friday, September 8 by Cowen & Co. Longbow initiated the shares of RAIL in report on Wednesday, June 21 with “Hold” rating. On Thursday, August 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Neutral” rating by Longbow on Wednesday, May 4. The rating was maintained by Cowen & Co on Wednesday, November 2 with “Market Perform”. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, November 7.

More notable recent FreightCar America, Inc. (NASDAQ:RAIL) news were published by: Seekingalpha.com which released: “The Long Case For FreightCar America” on January 30, 2017, also Fool.com with their article: “FreightCar America, Inc. Goes Full Throttle While American Railcar Industries …” published on June 07, 2017, Seekingalpha.com published: “Freightcar America Hasn’t Bottomed” on February 28, 2017. More interesting news about FreightCar America, Inc. (NASDAQ:RAIL) were released by: Seekingalpha.com and their article: “FreightCar America’s (RAIL) CEO Jim Meyer on Q2 2017 Results – Earnings Call …” published on August 06, 2017 as well as Seekingalpha.com‘s news article titled: “FreightCar America: This Railcar Maker Is On Track To Be Acquired” with publication date: December 27, 2016.

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