Barclays PLC Invests $73,000 in FreightCar America, Inc. (NASDAQ:RAIL)

Barclays PLC purchased a new stake in FreightCar America, Inc. (NASDAQ:RAIL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,746 shares of the transportation company’s stock, valued at approximately $73,000.

Several other hedge funds have also added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in shares of FreightCar America by 43.4% during the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after buying an additional 35,387 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in FreightCar America in the 3rd quarter valued at about $1,067,000. Walleye Capital LLC acquired a new stake in FreightCar America during the third quarter worth approximately $813,000. State Street Corp boosted its holdings in shares of FreightCar America by 21.6% during the third quarter. State Street Corp now owns 53,958 shares of the transportation company’s stock worth $582,000 after acquiring an additional 9,600 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of FreightCar America during the third quarter worth approximately $453,000. Institutional investors and hedge funds own 31.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised FreightCar America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insider Buying and Selling at FreightCar America

In related news, Director James R. Meyer bought 23,400 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of $10.74 per share, for a total transaction of $251,316.00. Following the transaction, the director now owns 838,278 shares in the company, valued at $9,003,105.72. The trade was a 2.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 28.00% of the company’s stock.

FreightCar America Stock Performance

RAIL stock opened at $10.00 on Friday. FreightCar America, Inc. has a 52 week low of $2.40 and a 52 week high of $16.10. The company has a market capitalization of $188.94 million, a PE ratio of -2.36 and a beta of 1.96. The company’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $8.39.

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.