XTX Topco Ltd Purchases Shares of 22,861 FreightCar America, Inc. (NASDAQ:RAIL)

XTX Topco Ltd acquired a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,861 shares of the transportation company’s stock, valued at approximately $247,000. XTX Topco Ltd owned approximately 0.12% of FreightCar America as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in FreightCar America during the third quarter worth approximately $49,000. Dimensional Fund Advisors LP boosted its holdings in shares of FreightCar America by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after buying an additional 5,880 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of FreightCar America by 43.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after buying an additional 35,387 shares during the last quarter. Centiva Capital LP acquired a new stake in FreightCar America during the 3rd quarter worth $453,000. Finally, State Street Corp lifted its position in FreightCar America by 21.6% in the third quarter. State Street Corp now owns 53,958 shares of the transportation company’s stock valued at $582,000 after acquiring an additional 9,600 shares during the last quarter. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Analysts Set New Price Targets

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

FreightCar America Price Performance

FreightCar America stock opened at $8.79 on Thursday. The business has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $7.78. FreightCar America, Inc. has a 12 month low of $2.39 and a 12 month high of $16.10. The stock has a market capitalization of $166.08 million, a PE ratio of -2.07 and a beta of 1.94.

Insider Transactions at FreightCar America

In related news, Director Nigris Felan Jose De acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $10.19 per share, with a total value of $40,760.00. Following the completion of the acquisition, the director now owns 73,147 shares in the company, valued at approximately $745,367.93. This represents a 5.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Meyer acquired 23,400 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $10.74 per share, with a total value of $251,316.00. Following the completion of the purchase, the director now directly owns 838,278 shares in the company, valued at $9,003,105.72. This represents a 2.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 28.00% of the company’s stock.

About FreightCar America

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.