Motorcar Parts of America, Inc. $MPAA Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. significantly increased its stake in Motorcar Parts of America by 294.3%, now holding 105,432 shares valued at approximately $1 million.
• Institutional investors control 83.48% of Motorcar Parts of America, indicating strong institutional interest in the company.
• Motorcar Parts of America's stock price recently reached $16.83, reflecting a growth from a 12-month low of $5.16 and a high of $17.72.

Goldman Sachs Group Inc. lifted its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 294.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,432 shares of the auto parts company's stock after purchasing an additional 78,695 shares during the quarter. Goldman Sachs Group Inc. owned about 0.54% of Motorcar Parts of America worth $1,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPAA. Northern Trust Corp raised its holdings in shares of Motorcar Parts of America by 4.7% in the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after purchasing an additional 2,347 shares during the period. Jane Street Group LLC purchased a new position in Motorcar Parts of America in the fourth quarter valued at approximately $266,000. Millennium Management LLC raised its holdings in Motorcar Parts of America by 39.3% in the fourth quarter. Millennium Management LLC now owns 82,056 shares of the auto parts company's stock valued at $624,000 after buying an additional 23,164 shares during the period. Ritholtz Wealth Management purchased a new position in Motorcar Parts of America in the first quarter valued at approximately $359,000. Finally, Corton Capital Inc. acquired a new position in shares of Motorcar Parts of America during the first quarter worth about $119,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Motorcar Parts of America Trading Up 1.6%

Shares of MPAA opened at $16.83 on Tuesday. The stock's 50-day moving average is $13.55 and its two-hundred day moving average is $11.42. The stock has a market cap of $325.66 million, a PE ratio of 240.46 and a beta of 1.43. Motorcar Parts of America, Inc. has a 12 month low of $5.16 and a 12 month high of $17.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 0.42.

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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