Russell Investments Group Ltd. Lowers Position in Motorcar Parts of America, Inc. $MPAA

Key Points

• Russell Investments Group Ltd. reduced its stake in Motorcar Parts of America by 43.3%, selling 64,781 shares and leaving them with 85,001 shares valued at $808,000.
• Motorcar Parts of America's stock has experienced a 1.3% decline recently, currently trading at $14.90, with a market cap of $288.32 million.
• Wall Street Zen has upgraded the company's rating from "buy" to "strong-buy," reflecting growing analyst confidence, with a consensus rating of "Buy" and an average price target of $14.00.

Russell Investments Group Ltd. lowered its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 43.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,001 shares of the auto parts company's stock after selling 64,781 shares during the period. Russell Investments Group Ltd. owned 0.43% of Motorcar Parts of America worth $808,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new stake in Motorcar Parts of America during the 4th quarter worth $88,000. Charles Schwab Investment Management Inc. acquired a new stake in Motorcar Parts of America during the 1st quarter worth $95,000. OMERS ADMINISTRATION Corp acquired a new stake in Motorcar Parts of America during the 4th quarter worth $97,000. Corton Capital Inc. acquired a new stake in shares of Motorcar Parts of America in the 1st quarter worth $119,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the 4th quarter worth $161,000. Institutional investors and hedge funds own 83.48% of the company's stock.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $14.00.

Motorcar Parts of America Price Performance

Shares of NASDAQ MPAA traded down $0.20 during midday trading on Monday, hitting $14.90. The company had a trading volume of 112,794 shares, compared to its average volume of 196,326. The company has a quick ratio of 0.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.16. Motorcar Parts of America, Inc. has a twelve month low of $5.16 and a twelve month high of $15.20. The business has a 50-day simple moving average of $12.34 and a two-hundred day simple moving average of $10.89. The firm has a market capitalization of $288.32 million, a price-to-earnings ratio of 212.89 and a beta of 1.43.

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.