Time to Reconsider L.B. Foster Company (NASDAQ:FSTR) After Less Short Sellers?

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

Investors sentiment increased to 1.26 in Q2 2018. Its up 0.52, from 0.74 in 2018Q1. It increased, as 4 investors sold L.B. Foster Company shares while 27 reduced holdings. 12 funds opened positions while 27 raised stakes. 5.76 million shares or 5.18% more from 5.47 million shares in 2018Q1 were reported.
California Pub Employees Retirement Systems holds 0% or 17,717 shares. Pub Employees Retirement Association Of Colorado reported 5,900 shares. Morgan Stanley, a New York-based fund reported 73,663 shares. Geode Mngmt accumulated 93,461 shares. Financial Bank Of New York Mellon holds 39,473 shares or 0% of its portfolio. Ameritas Prtnrs Inc has invested 0% of its portfolio in L.B. Foster Company (NASDAQ:FSTR). Gsa Capital Prtn Limited Liability Partnership, a United Kingdom-based fund reported 15,900 shares. Fmr Limited Company accumulated 200,860 shares. The California-based California State Teachers Retirement Systems has invested 0% in L.B. Foster Company (NASDAQ:FSTR). D E Shaw, a New York-based fund reported 138,457 shares. Gamco Et Al holds 60,000 shares. Jpmorgan Chase & Co has invested 0% in L.B. Foster Company (NASDAQ:FSTR). Deutsche Bancorp Ag owns 16,639 shares. Bnp Paribas Arbitrage holds 0% in L.B. Foster Company (NASDAQ:FSTR) or 330 shares. Strs Ohio reported 29,000 shares or 0% of all its holdings.

The stock of L.B. Foster Company (NASDAQ:FSTR) registered a decrease of 29.59% in short interest. FSTR’s total short interest was 42,600 shares in December as published by FINRA. Its down 29.59% from 60,500 shares, reported previously. With 19,000 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 0.49%.

The stock decreased 1.94% or $0.36 during the last trading session, reaching $18.23. About 41,137 shares traded or 85.43% up from the average. L.B. Foster Company (NASDAQ:FSTR) has risen 12.02% since December 8, 2017 and is uptrending. It has underperformed by 3.60% 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 $192.56 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 23.71 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.

More notable recent L.B. Foster Company (NASDAQ:FSTR) news were published by: Globenewswire.com which released: “LB Foster Launches New Website Nasdaq:FSTR – GlobeNewswire” on November 26, 2018, also Globenewswire.com with their article: “L.B. Foster Announces Appointment of Senior Vice President – GlobeNewswire” published on August 08, 2016, Globenewswire.com published: “L.B. Foster Company to Report Third Quarter 2018 Operating Results on November 1, 2018 – GlobeNewswire” on October 23, 2018. More interesting news about L.B. Foster Company (NASDAQ:FSTR) were released by: Globenewswire.com and their article: “L.B. Foster Announces Acquisition of Inspection Oilfield Services (IOS) – GlobeNewswire” published on March 13, 2015 as well as Seekingalpha.com‘s news article titled: “Seanergy Maritime: Has Substance But Remains Speculative – Seeking Alpha” with publication date: March 12, 2018.

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

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