OMERS ADMINISTRATION Corp Raises Position in Motorcar Parts of America, Inc. $MPAA

Key Points

• OMERS ADMINISTRATION Corp significantly increased its stake in Motorcar Parts of America by 227.3%, owning 41,900 shares valued at $398,000 as of the latest filing.
• Multiple institutional investors entered new positions in MPAA, with ownership among institutional investors and hedge funds reaching 83.48%.
• Motorcar Parts of America received a rating upgrade from "buy" to "strong-buy" with a consensus target price of $14.00.

OMERS ADMINISTRATION Corp grew its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 227.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,900 shares of the auto parts company's stock after purchasing an additional 29,100 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.21% of Motorcar Parts of America worth $398,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MPAA. Balyasny Asset Management L.P. acquired a new position in Motorcar Parts of America in the 4th quarter worth about $88,000. Charles Schwab Investment Management Inc. bought a new stake in Motorcar Parts of America in the 1st quarter valued at about $95,000. Corton Capital Inc. purchased a new position in Motorcar Parts of America in the first quarter valued at approximately $119,000. Jump Financial LLC bought a new position in shares of Motorcar Parts of America during the first quarter valued at about $149,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Motorcar Parts of America during the fourth quarter valued at approximately $161,000. 83.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Motorcar Parts of America presently has a consensus rating of "Buy" and an average price target of $14.00.

Motorcar Parts of America Stock Up 1.3%

Shares of NASDAQ MPAA traded up $0.19 during trading hours on Monday, hitting $14.72. The stock had a trading volume of 43,913 shares, compared to its average volume of 155,071. The company has a market capitalization of $284.83 million, a P/E ratio of 210.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.44. Motorcar Parts of America, Inc. has a 52 week low of $5.16 and a 52 week high of $15.20. The firm's 50-day moving average price is $12.70 and its two-hundred day moving average price is $11.01.

About Motorcar Parts of America

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.