Motorcar Parts of America, Inc. $MPAA Shares Acquired by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management has increased its holdings in Motorcar Parts of America by 139.4%, owning approximately 90,418 shares after purchasing 52,654 shares in Q2, valuing its stake at about $1,013,000.
• A significant percentage of the company, 83.48%, is currently owned by institutional investors and hedge funds, with several other firms also increasing their stakes during the first quarter.
• Motorcar Parts of America has received mixed ratings from analysts, with Zacks upgrading its shares from "strong sell" to "hold" and an average price target set at $14.00.

Ritholtz Wealth Management grew its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 139.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,418 shares of the auto parts company's stock after purchasing an additional 52,654 shares during the quarter. Ritholtz Wealth Management owned approximately 0.47% of Motorcar Parts of America worth $1,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Informed Momentum Co LLC acquired a new stake in shares of Motorcar Parts of America in the 1st quarter valued at $982,000. XTX Topco Ltd acquired a new stake in shares of Motorcar Parts of America in the 1st quarter valued at $183,000. Goldman Sachs Group Inc. raised its holdings in shares of Motorcar Parts of America by 294.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company's stock valued at $1,002,000 after purchasing an additional 78,695 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Motorcar Parts of America by 22.9% in the 1st quarter. American Century Companies Inc. now owns 260,105 shares of the auto parts company's stock valued at $2,471,000 after purchasing an additional 48,386 shares in the last quarter. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Motorcar Parts of America in the 1st quarter valued at $1,425,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Motorcar Parts of America Trading Down 3.3%

NASDAQ MPAA opened at $15.51 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 0.42. The firm's fifty day moving average price is $15.31 and its 200 day moving average price is $12.17. The company has a market capitalization of $300.12 million, a price-to-earnings ratio of 221.60 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.

Wall Street Analyst Weigh In

MPAA has been the topic of a number of analyst reports. Zacks Research upgraded shares of Motorcar Parts of America from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Motorcar Parts of America in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Motorcar Parts of America has an average rating of "Hold" and an average price target of $14.00.

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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