Alambic Investment Management L.P. Has $417,000 Position in L.B. Foster Co (FSTR)

Alambic Investment Management L.P. decreased its holdings in L.B. Foster Co (NASDAQ:FSTR) by 28.5% in the third quarter, HoldingsChannel.com reports. The firm owned 20,310 shares of the basic materials company’s stock after selling 8,114 shares during the quarter. Alambic Investment Management L.P.’s holdings in L.B. Foster were worth $417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in L.B. Foster by 20.6% in the 2nd quarter. BlackRock Inc. now owns 617,386 shares of the basic materials company’s stock worth $14,169,000 after purchasing an additional 105,512 shares during the period. Renaissance Technologies LLC raised its holdings in shares of L.B. Foster by 2.7% during the second quarter. Renaissance Technologies LLC now owns 483,300 shares of the basic materials company’s stock valued at $11,092,000 after acquiring an additional 12,674 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of L.B. Foster by 24.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 54,915 shares of the basic materials company’s stock valued at $1,261,000 after acquiring an additional 10,902 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of L.B. Foster by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 626,854 shares of the basic materials company’s stock valued at $14,386,000 after acquiring an additional 46,784 shares during the last quarter. Finally, Malaga Cove Capital LLC raised its holdings in shares of L.B. Foster by 24.7% during the third quarter. Malaga Cove Capital LLC now owns 44,056 shares of the basic materials company’s stock valued at $926,000 after acquiring an additional 8,737 shares during the last quarter. 71.91% of the stock is owned by institutional investors.

Separately, BidaskClub cut L.B. Foster from a “hold” rating to a “sell” rating in a report on Thursday, August 30th.

Shares of L.B. Foster stock opened at $19.71 on Monday. L.B. Foster Co has a 12 month low of $16.19 and a 12 month high of $30.30. The company has a market cap of $208.20 million, a price-to-earnings ratio of 16.16 and a beta of 2.17. The company has a quick ratio of 0.90, a current ratio of 1.83 and a debt-to-equity ratio of 0.49.

L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Thursday, November 1st. The basic materials company reported $0.47 EPS for the quarter. L.B. Foster had a return on equity of 8.70% and a net margin of 1.35%. The business had revenue of $167.09 million during the quarter.

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L.B. Foster Company 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.

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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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