Marshall Wace LLP lifted its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 77.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,331 shares of the auto parts company's stock after buying an additional 50,302 shares during the period. Marshall Wace LLP owned about 0.58% of Motorcar Parts of America worth $877,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Barclays PLC bought a new position in shares of Motorcar Parts of America during the 3rd quarter worth approximately $79,000. Bailard Inc. bought a new stake in Motorcar Parts of America during the fourth quarter worth about $201,000. Atlas Legacy Advisors LLC bought a new position in Motorcar Parts of America in the fourth quarter valued at approximately $580,000. Victory Capital Management Inc. increased its position in shares of Motorcar Parts of America by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company's stock worth $838,000 after purchasing an additional 14,310 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Motorcar Parts of America by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company's stock worth $1,574,000 after purchasing an additional 27,961 shares in the last quarter. 83.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 30th.
Check Out Our Latest Stock Report on Motorcar Parts of America
Motorcar Parts of America Stock Performance
NASDAQ MPAA traded down $0.01 during trading on Tuesday, reaching $9.60. 5,755 shares of the company's stock were exchanged, compared to its average volume of 92,909. Motorcar Parts of America, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $11.89. The stock has a market capitalization of $188.01 million, a P/E ratio of -9.70 and a beta of 1.32. The business has a 50 day moving average price of $9.64 and a 200-day moving average price of $8.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39.
Motorcar Parts of America Profile
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Free Report)
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.
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