Minerva Advisors LLC Trims Position in FreightCar America, Inc. (NASDAQ:RAIL)

Minerva Advisors LLC lessened its stake in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 47.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 219,005 shares of the transportation company’s stock after selling 200,099 shares during the quarter. FreightCar America comprises about 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 23rd biggest position. Minerva Advisors LLC’s holdings in FreightCar America were worth $1,956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in FreightCar America by 90.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 188,369 shares of the transportation company’s stock valued at $1,688,000 after buying an additional 89,471 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FreightCar America by 12.4% during the third quarter. Geode Capital Management LLC now owns 180,618 shares of the transportation company’s stock worth $1,950,000 after purchasing an additional 19,890 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of FreightCar America during the fourth quarter worth about $743,000. Walleye Capital LLC purchased a new position in shares of FreightCar America during the third quarter worth about $813,000. Finally, State Street Corp grew 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 purchasing an additional 9,600 shares in the last quarter. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised FreightCar America from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

FreightCar America Trading Down 7.3 %

Shares of NASDAQ RAIL opened at $8.12 on Tuesday. FreightCar America, Inc. has a 12 month low of $2.86 and a 12 month high of $16.10. The firm has a market capitalization of $153.42 million, a price-to-earnings ratio of -1.92 and a beta of 1.96. The business has a 50-day moving average of $10.83 and a 200-day moving average of $10.35.

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.