Azarias Capital Management L.P. Trims Stock Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Azarias Capital Management L.P. reduced its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 41.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 634,649 shares of the auto parts company's stock after selling 448,456 shares during the period. Motorcar Parts of America comprises 3.3% of Azarias Capital Management L.P.'s portfolio, making the stock its 11th biggest position. Azarias Capital Management L.P. owned about 3.24% of Motorcar Parts of America worth $6,029,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MPAA. Ritholtz Wealth Management purchased a new position in shares of Motorcar Parts of America during the first quarter valued at $359,000. OMERS ADMINISTRATION Corp purchased a new position in Motorcar Parts of America during the 4th quarter valued at about $97,000. Millennium Management LLC lifted its position in shares of Motorcar Parts of America by 39.3% in the 4th quarter. Millennium Management LLC now owns 82,056 shares of the auto parts company's stock worth $624,000 after purchasing an additional 23,164 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Motorcar Parts of America by 10.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company's stock valued at $1,083,000 after acquiring an additional 13,644 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Motorcar Parts of America in the fourth quarter worth $88,000. Hedge funds and other institutional investors own 83.48% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Motorcar Parts of America Trading Down 2.5%

Shares of NASDAQ:MPAA opened at $9.91 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.14. Motorcar Parts of America, Inc. has a 52-week low of $5.16 and a 52-week high of $12.72. The stock has a market cap of $192.65 million, a price-to-earnings ratio of -9.91 and a beta of 1.38. The business has a 50-day moving average price of $10.15 and a 200-day moving average price of $9.08.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.

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