XTX Topco Ltd Takes $247,000 Position in FreightCar America, Inc. (NASDAQ:RAIL)

XTX Topco Ltd acquired a new position in shares of FreightCar America, Inc. (NASDAQ:RAIL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,861 shares of the transportation company’s stock, valued at approximately $247,000.

Several other institutional investors have also recently modified their holdings of the stock. State Street Corp increased its position in 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 buying an additional 9,600 shares in the last quarter. Centiva Capital LP purchased a new stake in FreightCar America during the 3rd quarter worth about $453,000. Walleye Capital LLC acquired a new position in FreightCar America in the 3rd quarter valued at about $813,000. Quantbot Technologies LP purchased a new position in FreightCar America in the 3rd quarter valued at about $49,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of FreightCar America during the 3rd quarter worth about $1,067,000. 31.96% of the stock is currently owned by institutional investors and hedge funds.

FreightCar America Stock Down 8.1 %

Shares of FreightCar America stock opened at $8.79 on Thursday. FreightCar America, Inc. has a fifty-two week low of $2.39 and a fifty-two week high of $16.10. The business’s fifty day moving average is $11.54 and its two-hundred day moving average is $7.78. The firm has a market cap of $166.08 million, a PE ratio of -2.07 and a beta of 1.94.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

FreightCar America 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.