CarParts.com, Inc. (NASDAQ:PRTS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in CarParts.com, Inc. (NASDAQ:PRTS - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,050,900 shares of the specialty retailer's stock after selling 540,400 shares during the quarter. Renaissance Technologies LLC owned about 1.83% of CarParts.com worth $1,135,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Williams & Novak LLC grew its holdings in shares of CarParts.com by 19.2% during the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer's stock worth $164,000 after buying an additional 24,400 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of CarParts.com in the 4th quarter valued at approximately $27,000. Raymond James Financial Inc. acquired a new position in shares of CarParts.com in the fourth quarter valued at approximately $39,000. AMH Equity Ltd purchased a new stake in shares of CarParts.com during the fourth quarter worth approximately $368,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of CarParts.com by 145.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer's stock worth $729,000 after purchasing an additional 399,901 shares during the period. 75.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PRTS has been the subject of a number of analyst reports. Craig Hallum upgraded shares of CarParts.com from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research report on Thursday, March 6th. StockNews.com raised shares of CarParts.com from a "sell" rating to a "hold" rating in a report on Tuesday, April 1st.

CarParts.com Price Performance

Shares of NASDAQ PRTS opened at $0.96 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. CarParts.com, Inc. has a one year low of $0.68 and a one year high of $1.45. The firm has a market capitalization of $55.99 million, a P/E ratio of -1.78 and a beta of 2.04. The company's fifty day moving average is $0.95 and its two-hundred day moving average is $1.00.

CarParts.com (NASDAQ:PRTS - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The specialty retailer reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.08). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The company had revenue of $588.85 million for the quarter, compared to analysts' expectations of $141.22 million.

About CarParts.com

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.

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