FreightCar America (RAIL) : Value Holdings Lp scooped up 4,000 additional shares in FreightCar America during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 45,600 shares of FreightCar America which is valued at $636,576.FreightCar America makes up approximately 0.40% of Value Holdings Lp’s portfolio.
Other Hedge Funds, Including , Springbank Value Partners Lp boosted its stake in RAIL in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 19,500 shares of FreightCar America which is valued at $272,220. FreightCar America makes up approx 0.45% of Springbank Value Partners Lp’s portfolio.Morgan Dempsey Capital Management reduced its stake in RAIL by selling 3,051 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 77,900 shares of RAIL which is valued at $1,160,710. FreightCar America makes up approx 0.38% of Morgan Dempsey Capital Management’s portfolio. Lucus Advisors sold out all of its stake in RAIL during the most recent quarter. The investment firm sold 33,161 shares of RAIL which is valued $481,829.Shell Asset Management Co reduced its stake in RAIL by selling 2,816 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 49,399 shares of RAIL which is valued at $717,767. FreightCar America makes up approx 0.02% of Shell Asset Management Co’s portfolio.
FreightCar America closed down -0.28 points or -2.01% at $13.68 with 2,10,972 shares getting traded on Thursday. Post opening the session at $13.93, the shares hit an intraday low of $13.6 and an intraday high of $14.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, FreightCar America reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Nov 2, 2015. Analyst had a consensus of $0.78. The company had revenue of $241.11 million for the quarter, compared to analysts expectations of $258.05 million. The company’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Many Wall Street Analysts have commented on FreightCar America. FreightCar America was Downgraded by Stifel to ” Hold” on Jul 13, 2016. Cowen Initiated FreightCar America on Jun 22, 2016 to “Market Perform”, Price Target of the shares are set at $15.FreightCar America was Downgraded by Longbow to ” Neutral” on May 4, 2016.
FreightCar America Inc. is engaged in manufacturing of aluminum-bodied railcars in North America. The Company is also a manufacturer of coal cars. The Company also refurbishes and rebuilds railcars and sells forged cast and fabricated parts for all of the railcars it produces as well as those manufactured by others. It offers railcar leasing and refurbishment alternatives to its customers. Through its newly formed subsidiary FreightCar Rail Services LLC (FCRS) it provides railcar repair and maintenance inspections and railcar fleet management services for all types of freight railcars. Its railcar manufacturing facilities are located in Danville Illinois and Roanoke Virginia. The Company operates in two segments: Manufacturing which includes new railcar manufacturing used railcar sales railcar leasing and railcar rebuilds and Services which includes general railcar repair and maintenance inspections parts sales and railcar fleet management services.