Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stock Holdings Boosted by Millennium Management LLC

Millennium Management LLC boosted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent disclosure with the 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 about 0.41% of Motorcar Parts of America worth $624,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MPAA. D. E. Shaw & Co. Inc. lifted its position in shares of Motorcar Parts of America by 10.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company's stock worth $1,083,000 after purchasing an additional 13,644 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth $88,000. Ancora Advisors LLC acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth $512,000. 683 Capital Management LLC acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth $332,000. Finally, Jane Street Group LLC acquired a new position in shares of Motorcar Parts of America during the fourth quarter worth $266,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

Motorcar Parts of America Stock Up 4.1%

MPAA traded up $0.43 during trading on Wednesday, hitting $10.82. The company had a trading volume of 190,039 shares, compared to its average volume of 98,562. The company has a market cap of $211.90 million, a PE ratio of -10.93 and a beta of 1.37. The business has a 50-day moving average of $9.98 and a 200-day moving average of $8.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. Motorcar Parts of America, Inc. has a 1-year low of $4.60 and a 1-year high of $12.72.

Analyst Upgrades and Downgrades

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

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.