Motorcar Parts of America, Inc. $MPAA Shares Sold by Russell Investments Group Ltd.

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. trimmed its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,001 shares of the auto parts company's stock after selling 64,781 shares during the quarter. Russell Investments Group Ltd. owned 0.43% of Motorcar Parts of America worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Motorcar Parts of America by 4.7% during the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after buying an additional 2,347 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Motorcar Parts of America by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock worth $7,306,000 after buying an additional 2,960 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in Motorcar Parts of America by 0.4% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,024,058 shares of the auto parts company's stock worth $9,729,000 after buying an additional 3,650 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Motorcar Parts of America during the 1st quarter worth $95,000. Finally, Balyasny Asset Management L.P. purchased a new position in Motorcar Parts of America during the 4th quarter worth $88,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Motorcar Parts of America Stock Performance

Shares of MPAA stock traded up $0.43 on Thursday, hitting $14.87. The company had a trading volume of 103,444 shares, compared to its average volume of 192,076. The firm has a market cap of $287.73 million, a P/E ratio of 212.46 and a beta of 1.44. The company has a 50-day moving average price of $12.61 and a 200-day moving average price of $10.98. 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.

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.