Trexquant Investment LP Sells 18,049 Shares of Motorcar Parts of America, Inc. $MPAA

Trexquant Investment LP trimmed its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 30.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,086 shares of the auto parts company's stock after selling 18,049 shares during the quarter. Trexquant Investment LP owned 0.21% of Motorcar Parts of America worth $400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp increased its stake in shares of Motorcar Parts of America by 227.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 41,900 shares of the auto parts company's stock worth $398,000 after purchasing an additional 29,100 shares during the last quarter. Jump Financial LLC bought a new position in Motorcar Parts of America in the 1st quarter valued at approximately $149,000. American Century Companies Inc. increased its position in 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 acquiring an additional 48,386 shares during the period. Informed Momentum Co LLC acquired a new position in Motorcar Parts of America in the 1st quarter valued at approximately $982,000. Finally, Donald Smith & CO. Inc. increased its position in shares of Motorcar Parts of America by 0.4% during the first 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 period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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, According to MarketBeat, Motorcar Parts of America currently has a consensus rating of "Buy" and an average price target of $14.00.

Motorcar Parts of America Price Performance

Shares of NASDAQ:MPAA opened at $14.70 on Tuesday. The company has a 50 day moving average of $12.77 and a 200 day moving average of $11.04. The stock has a market cap of $284.45 million, a P/E ratio of 210.03 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 $15.20. The company has a current ratio of 1.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.