Bridgeway Capital Management Inc. trimmed its stake in L.B. Foster Co (NASDAQ:FSTR) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,700 shares of the basic materials company’s stock after selling 4,312 shares during the period. Bridgeway Capital Management Inc. owned 1.67% of L.B. Foster worth $3,631,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSTR. Public Employees Retirement System of Ohio bought a new position in shares of L.B. Foster in the 2nd quarter worth $332,000. Bowling Portfolio Management LLC purchased a new position in L.B. Foster during the 2nd quarter worth $623,000. Strs Ohio grew its stake in L.B. Foster by 9.4% during the 2nd quarter. Strs Ohio now owns 29,000 shares of the basic materials company’s stock worth $665,000 after buying an additional 2,500 shares during the last quarter. Malaga Cove Capital LLC grew its stake in L.B. Foster by 24.7% during the 3rd quarter. Malaga Cove Capital LLC now owns 44,056 shares of the basic materials company’s stock worth $926,000 after buying an additional 8,737 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in L.B. Foster by 48.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 47,851 shares of the basic materials company’s stock worth $983,000 after buying an additional 15,623 shares during the last quarter. 71.91% of the stock is owned by hedge funds and other institutional investors.
Shares of FSTR stock opened at $19.35 on Friday. L.B. Foster Co has a 1-year low of $16.19 and a 1-year high of $30.30. The company has a current ratio of 1.83, a quick ratio of 0.90 and a debt-to-equity ratio of 0.49. The firm has a market cap of $204.39 million, a P/E ratio of 15.86 and a beta of 2.17.
Separately, BidaskClub downgraded L.B. Foster from a “hold” rating to a “sell” rating in a research note on Saturday, August 18th.
TRADEMARK VIOLATION NOTICE: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2018/12/02/bridgeway-capital-management-inc-sells-4312-shares-of-l-b-foster-co-fstr.html.
L.B. Foster Profile
L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.
Recommended Story: Short Selling Stocks, A Beginner’s Guide
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).
Receive News & Ratings for L.B. Foster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster and related companies with MarketBeat.com's FREE daily email newsletter.