In a recent 13G filing with the US Securities and Exchange Commission, Snow Capital Management reported holding 4.6% of L.B. Foster Company (NASDAQ:FSTR). The position contains 472,841 shares, which is lower than the 632,649 shares that the fund reported in an earlier filing. L.B. Foster manufactures and sells products and services for the rail, construction and other markets.
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Overall, among the funds from our database, L.B. Foster Company (NASDAQ:FSTR) is not very popular, with just 13 funds holding shares as of the end of 2015, down by one over the quarter. Jim Simons’ Renaissance Technologies, reported the biggest position, worth $2 million at the end of 2015. Sitting at the No. 2 spot is Royce & Associates, led by Chuck Royce, holding a $1.5 million position. Some other members of the smart money that hold long positions comprise John Overdeck and David Siegel’s Two Sigma Advisors, D. E. Shaw’s D E Shaw and Israel Englander’s Millennium Management.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Snow Capital Management | 472,841 | 472,841 | 472,841 | 4.6% |
Page 1 of 6 – SEC Filing
United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
L.B. FOSTER
CO. (FSTR)
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
350060109
(CUSIP Number)
March 28, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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Page 2 of 6 – SEC Filing
CUSIP No. 350060109 | Schedule 13G |
1. | Names Snow Capital Management, L.P. | |||||
I.R.S. Identification No. of Above Persons (Entities Only): 25-1894430 | ||||||
2. | Check the Appropriate Box if a a ¨ b | |||||
3. | SEC Use Only | |||||
4. | Citizenship or Place of Pennsylvania | |||||
Number of Shares Beneficially Owned by Each Person Reporting With | 5. | Sole Voting Power: 472,841 | ||||
6. | Shared Voting Power: none | |||||
7. | Sole Dispositive Power: 472,841 | |||||
8. | Shared Dispositive Power: none | |||||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person: 472,841 | |||||
10. | Check if the Aggregate Amount in ¨ | |||||
11. | Percent of Class Represented by 4.6% | |||||
12. | Type of Reporting Person (See IA |
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Page 3 of 6 – SEC Filing
CUSIP No. 350060109 | Schedule 13G |
Item 1
(a) | Name of Issuer: |
L.B. FOSTER CO.
(b) | Address of Issuers Principal Executive Offices: |
415 Holiday Drive
Pittsburgh, PA 15220
Item 2
(a) | Name of Person Filing: |
Snow Capital Management, L.P.
(b) | Address of Principal Business Office or, if None, Residence: |
2000 Georgetowne Drive,
Suite 200
Sewickley, PA 15143
(c) | Citizenship: |
Pennsylvania
(d) | Title of Class of Securities: |
Common Stock, $0.01 Par Value
(e) | CUSIP Number: |
350060109
Item 3 | If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a: |
(e) | x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). |
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Page 4 of 6 – SEC Filing
CUSIP No. 350060109 | Schedule 13G |
Item 4 | Ownership: |
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1:
(a) | Amount beneficially owned: 472,841 |
(b) | Percent of class: 4.6% |
(c) | Number of shares as to which the person has: |
(i) | Sole power to vote or to direct the vote: |
472,841
(ii) | Shared power to vote or to direct the vote: |
0
(iii) | Sole power to dispose or to direct the disposition of: 472,841 |
(iv) | Shared power to dispose or to direct the disposition of: 0 |
Item 5 | Ownership of Five Percent or Less of Class: |
Yes 4.6%
Item 6 | Ownership of More than Five Percent on Behalf of Another Person: |
Not Applicable
Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by Parent Holding Company: |
Not Applicable
Item 8 | Identification and Classification of Members of the Group: |
Not Applicable
Item 9 | Notice of Dissolution of Group: |
Not Applicable
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Page 5 of 6 – SEC Filing
CUSIP No. 350060109 | Schedule 13G |
Item 10 | Certification: |
(a) | By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer or the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
(b) | Not Applicable. |
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Page 6 of 6 – SEC Filing
CUSIP No. 350060109 | Schedule 13G |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
April 8, 2016 |
(Date) |
/Richard A. Snow/ |
(Signature) |
Richard A. Snow, President of |
Snow Capital Management, Inc., |
General Partner of Snow Capital Management, L.P. |
(Name/Title) |