Today, 4,700 Shares of L.B. Foster Co. (FSTR) are sold by Virginia Retirement Systems ET AL

Today, 4,700 Shares of L.B. Foster Co. (FSTR) are sold by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL cut its stake in shares of L.B. Foster Co. (NASDAQ:FSTR) by 15.2% during the third quarter, Holdings Channel reports. The firm owned 26,300 shares of the company’s stock after selling 4,700 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.25% of L.B. Foster worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Spark Investment Management LLC increased its stake in L.B. Foster by 430.1% in the second quarter. Spark Investment Management LLC now owns 54,600 shares of the company’s stock valued at $594,000 after buying an additional 44,300 shares during the period. Laurion Capital Management LP purchased a new stake in L.B. Foster during the second quarter valued at about $345,000. Snow Capital Management LP increased its stake in L.B. Foster by 4.4% in the second quarter. Snow Capital Management LP now owns 493,441 shares of the company’s stock valued at $5,374,000 after buying an additional 20,600 shares during the period. Dimensional Fund Advisors LP increased its stake in L.B. Foster by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 555,667 shares of the company’s stock valued at $6,051,000 after buying an additional 35,981 shares during the period. Finally, Acrospire Investment Management LLC purchased a new stake in L.B. Foster during the second quarter valued at about $154,000. Institutional investors and hedge funds own 55.23% of the company’s stock.

L.B. Foster Co. (NASDAQ:FSTR) remained flat at $12.60 during mid-day trading on Friday. 14,051 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $12.20 and its 200-day moving average price is $11.54. L.B. Foster Co. has a 52-week low of $8.80 and a 52-week high of $20.77. The stock’s market cap is $130.95 million.

Separately, Zacks Investment Research downgraded L.B. Foster from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 10th.

In other news, Director Bradley Vizi purchased 13,225 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were acquired at an average cost of $11.98 per share, with a total value of $158,435.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.20% of the company’s stock.

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.

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