Could L.B. Foster Company (NASDAQ:FSTR) Change Direction After Less Shorts?

July 27, 2018 - By Jason Dias

L.B. Foster Company (NASDAQ:FSTR) Logo

Investors sentiment decreased to 0.74 in Q1 2018. Its down 0.26, from 1 in 2017Q4. It worsened, as 15 investors sold L.B. Foster Company shares while 28 reduced holdings. 12 funds opened positions while 20 raised stakes. 5.47 million shares or 1.54% less from 5.56 million shares in 2017Q4 were reported.
Signature Fincl Mngmt has invested 0.06% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Sei Invs Company invested 0% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Tiaa Cref Investment Mngmt Ltd Llc holds 0% or 20,871 shares. Gamco Investors Incorporated Et Al reported 0.01% stake. D E Shaw And stated it has 145,395 shares or 0% of all its holdings. Bragg Fincl Advsrs invested in 70,731 shares or 0.24% of the stock. 78,000 were accumulated by Teton Advisors Inc. Goldman Sachs Gp Inc holds 0% or 13,864 shares in its portfolio. Martingale Asset Mngmt Limited Partnership reported 59,137 shares. Us National Bank & Trust De invested 0% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Northern Corporation invested in 109,593 shares or 0% of the stock. Quaker Capital Investments Limited Liability has invested 0.21% in L.B. Foster Company (NASDAQ:FSTR). 12,865 are held by California State Teachers Retirement Systems. 580,070 are held by Dimensional Fund Advisors Ltd Partnership. First Wilshire Secs holds 0.94% or 144,200 shares.

Since April 12, 2018, it had 3 insider purchases, and 0 insider sales for $758,324 activity.

The stock of L.B. Foster Company (NASDAQ:FSTR) registered a decrease of 15.02% in short interest. FSTR’s total short interest was 37,900 shares in July as published by FINRA. Its down 15.02% from 44,600 shares, reported previously. With 25,800 shares average volume, it will take short sellers 2 days to cover their FSTR’s short positions. The short interest to L.B. Foster Company’s float is 0.47%.

The stock increased 2.74% or $0.6 during the last trading session, reaching $22.5. About 13,251 shares traded. L.B. Foster Company (NASDAQ:FSTR) has risen 36.31% since July 27, 2017 and is uptrending. It has outperformed by 23.74% the S&P500.

L.B. Foster Company manufactures and distributes services and products for the transportation and energy infrastructure worldwide. The company has market cap of $233.22 million. The Company’s Rail Products and Services segment offers new rail primarily 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. It has a 53.7 P/E ratio. This segment also provides friction management products and application systems, railroad condition monitoring equipment, wheel impact load detection, railroad condition monitoring systems, rail anchors and spikes, and wayside data collection and management systems; and concrete railroad ties, as well as electronic track lubrication and maintenance services.

L.B. Foster Company (NASDAQ:FSTR) Institutional Positions Chart

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