Thomson Horstmann & Bryant Inc. Trims Position in L.B. Foster Co (FSTR)

Thomson Horstmann & Bryant Inc. lessened its stake in L.B. Foster Co (NASDAQ:FSTR) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,737 shares of the basic materials company’s stock after selling 11,791 shares during the period. Thomson Horstmann & Bryant Inc.’s holdings in L.B. Foster were worth $2,897,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of L.B. Foster by 1.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 19,400 shares of the basic materials company’s stock valued at $415,000 after buying an additional 200 shares during the period. Royal Bank of Canada lifted its stake in shares of L.B. Foster by 21.5% in the second quarter. Royal Bank of Canada now owns 4,886 shares of the basic materials company’s stock valued at $105,000 after buying an additional 864 shares during the period. Morgan Dempsey Capital Management LLC lifted its stake in shares of L.B. Foster by 3.0% in the third quarter. Morgan Dempsey Capital Management LLC now owns 79,317 shares of the basic materials company’s stock valued at $1,780,000 after buying an additional 2,345 shares during the period. SG Americas Securities LLC bought a new stake in shares of L.B. Foster in the second quarter valued at about $128,000. Finally, Malaga Cove Capital LLC lifted its stake in shares of L.B. Foster by 56.1% in the third quarter. Malaga Cove Capital LLC now owns 20,610 shares of the basic materials company’s stock valued at $475,000 after buying an additional 7,403 shares during the period. Institutional investors and hedge funds own 71.51% of the company’s stock.

Shares of L.B. Foster Co (NASDAQ FSTR) opened at $25.60 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.10 and a quick ratio of 1.15. L.B. Foster Co has a one year low of $11.80 and a one year high of $27.50. The firm has a market cap of $271.96, a PE ratio of -7.11 and a beta of 2.32.

L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, November 7th. The basic materials company reported $0.31 earnings per share for the quarter. L.B. Foster had a negative net margin of 7.38% and a negative return on equity of 27.11%. The business had revenue of $131.49 million during the quarter.

Separately, BidaskClub cut shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th.

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L.B. Foster Company Profile

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.

Want to see what other hedge funds are holding FSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L.B. Foster Co (NASDAQ:FSTR).

Institutional Ownership by Quarter for L.B. Foster (NASDAQ:FSTR)

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