Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 33.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,135 shares of the auto parts company's stock after selling 29,712 shares during the quarter. Trexquant Investment LP owned 0.30% of Motorcar Parts of America worth $457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPAA. Geode Capital Management LLC increased its position in shares of Motorcar Parts of America by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock valued at $1,643,000 after purchasing an additional 3,025 shares during the last quarter. Barclays PLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at $79,000. Victory Capital Management Inc. increased its stake in shares of Motorcar Parts of America by 14.9% in 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 in the last quarter. Bailard Inc. bought a new stake in Motorcar Parts of America during the fourth quarter valued at about $201,000. Finally, Atlas Legacy Advisors LLC bought a new position in shares of Motorcar Parts of America in the fourth quarter worth about $580,000. 83.48% of the stock is owned by institutional investors.

Motorcar Parts of America Stock Down 0.2 %

NASDAQ:MPAA traded down $0.02 during midday trading on Friday, reaching $8.93. 51,858 shares of the stock traded hands, compared to its average volume of 93,127. The business has a 50-day moving average of $9.77 and a two-hundred day moving average of $7.85. The stock has a market capitalization of $174.89 million, a PE ratio of -9.02 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $11.89.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MPAA shares. StockNews.com raised Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Monday. Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They issued an "overweight" rating and a $14.00 price target on the stock.

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.