XTX Topco Ltd Takes Position in Motorcar Parts of America, Inc. $MPAA

Key Points

• XTX Topco Ltd has established a new position in Motorcar Parts of America, acquiring 19,211 shares valued at approximately $183,000, representing 0.10% of the company.
• Several other institutional investors have also increased their stakes in Motorcar Parts of America, with Marshall Wace LLP significantly raising its stake by 77.4%.
• Wall Street Zen upgraded Motorcar Parts of America from a "buy" to a "strong-buy" rating, potentially indicating a positive shift in investor sentiment towards the company.

XTX Topco Ltd bought a new position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,211 shares of the auto parts company's stock, valued at approximately $183,000. XTX Topco Ltd owned 0.10% of Motorcar Parts of America at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPAA. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock valued at $1,643,000 after buying an additional 3,025 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Motorcar Parts of America by 77.4% in the 4th quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock worth $877,000 after acquiring an additional 50,302 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 2,960 shares in the last quarter. Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 2,347 shares in the last quarter. 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. Institutional investors and hedge funds own 83.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MPAA shares. Zacks Research upgraded shares of Motorcar Parts of America to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

Motorcar Parts of America Price Performance

Shares of MPAA traded down $0.02 during mid-day trading on Monday, reaching $13.72. The company had a trading volume of 41,736 shares, compared to its average volume of 154,292. 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 company has a market capitalization of $265.48 million, a P/E ratio of 196.24 and a beta of 1.39. Motorcar Parts of America, Inc. has a twelve month low of $5.16 and a twelve month high of $15.04. The company's 50-day moving average is $11.43 and its 200-day moving average is $10.30.

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.