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Foster L B Co (FSTR): Snow Capital Management Cuts Its Stake

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
of Reporting Persons:

Snow Capital Management, L.P.

I.R.S. Identification No. of Above Persons (Entities Only):

25-1894430

  2.

Check the Appropriate Box if a
Member of a Group (See
Instructions):

a  ¨        b
¨

  3.

SEC Use Only

  4.

Citizenship or Place of
Organization:

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
Row (9) Excludes Certain Shares
(See Instructions):

¨

11.

Percent of Class Represented by
Amount in Row (9):

4.6%

12.

Type of Reporting Person (See
Instructions):

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)
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