Millennium Management LLC Raises Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Millennium Management LLC boosted its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,056 shares of the auto parts company's stock after purchasing an additional 23,164 shares during the quarter. Millennium Management LLC owned approximately 0.41% of Motorcar Parts of America worth $624,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MPAA. Northern Trust Corp boosted its position in shares of Motorcar Parts of America by 4.7% during the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after acquiring an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Motorcar Parts of America by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock worth $7,306,000 after acquiring an additional 2,960 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Motorcar Parts of America by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock worth $1,643,000 after acquiring an additional 3,025 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Motorcar Parts of America during the 4th quarter worth about $88,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of 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 worth $1,083,000 after acquiring an additional 13,644 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company's stock.

Wall Street Analysts Forecast Growth

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 Up 0.6%

NASDAQ:MPAA opened at $11.92 on Friday. The stock has a 50-day simple moving average of $9.91 and a 200-day simple moving average of $8.89. The stock has a market cap of $233.44 million, a P/E ratio of -12.04 and a beta of 1.38. Motorcar Parts of America, Inc. has a 1 year low of $4.36 and a 1 year high of $12.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45.

Motorcar Parts of America 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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