Minerva Advisors LLC Sells 200,099 Shares of FreightCar America, Inc. (NASDAQ:RAIL)

Minerva Advisors LLC trimmed its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 47.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,005 shares of the transportation company’s stock after selling 200,099 shares during the period. FreightCar America comprises approximately 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Minerva Advisors LLC owned 1.16% of FreightCar America worth $1,956,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in shares of 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 worth $1,688,000 after purchasing an additional 89,471 shares during the period. Geode Capital Management LLC raised its stake in shares of FreightCar America by 12.4% during the 3rd 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 during the period. Consolidated Portfolio Review Corp bought a new stake in shares of FreightCar America during the 4th quarter worth $743,000. Walleye Capital LLC bought a new stake in shares of FreightCar America during the 3rd quarter worth $813,000. Finally, State Street Corp raised its stake in shares of FreightCar America by 21.6% during the 3rd 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 during the period. 31.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

FreightCar America Stock Performance

Shares of FreightCar America stock opened at $8.12 on Tuesday. FreightCar America, Inc. has a 52-week low of $2.86 and a 52-week high of $16.10. The stock’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $10.35. The stock has a market capitalization of $153.42 million, a P/E ratio of -1.92 and a beta of 1.96.

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.