36,000 Shares in Freightcar America, Inc. $RAIL Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in Freightcar America, Inc. (NASDAQ:RAIL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 36,000 shares of the transportation company’s stock, valued at approximately $352,000. Hillsdale Investment Management Inc. owned about 0.19% of Freightcar America at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RAIL. Vanguard Group Inc. grew its holdings in shares of Freightcar America by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 631,029 shares of the transportation company’s stock valued at $6,171,000 after acquiring an additional 13,301 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Freightcar America during the third quarter worth about $2,007,000. Diamond Hill Capital Management Inc. acquired a new position in Freightcar America during the third quarter valued at approximately $501,000. Squarepoint Ops LLC grew its stake in Freightcar America by 24.6% in the second quarter. Squarepoint Ops LLC now owns 70,033 shares of the transportation company’s stock valued at $604,000 after purchasing an additional 13,825 shares in the last quarter. Finally, Marex Group plc acquired a new position in shares of Freightcar America during the 2nd quarter worth approximately $172,000. 31.96% of the stock is owned by institutional investors.

Freightcar America Price Performance

Shares of Freightcar America stock opened at $14.33 on Wednesday. The business has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $9.89. Freightcar America, Inc. has a 1 year low of $4.31 and a 1 year high of $14.57. The company has a market capitalization of $273.42 million, a price-to-earnings ratio of 5.43 and a beta of 1.77.

Wall Street Analysts Forecast Growth

RAIL has been the subject of several recent analyst reports. Wall Street Zen raised Freightcar America from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. Weiss Ratings raised shares of Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $9.00.

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.