Russell Investments Group Ltd. trimmed its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,782 shares of the auto parts company's stock after selling 33,789 shares during the period. Russell Investments Group Ltd. owned approximately 0.75% of Motorcar Parts of America worth $1,138,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew 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 worth $1,643,000 after acquiring an additional 3,025 shares during the last quarter. Barclays PLC purchased a new position in Motorcar Parts of America during the 3rd quarter worth $79,000. Victory Capital Management Inc. increased its stake in Motorcar Parts of America by 14.9% in the fourth quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company's stock valued at $838,000 after purchasing an additional 14,310 shares during the period. Bailard Inc. purchased a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $201,000. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the fourth quarter worth about $580,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.
Motorcar Parts of America Stock Performance
NASDAQ:MPAA traded down $0.33 during midday trading on Friday, reaching $9.14. The stock had a trading volume of 64,495 shares, compared to its average volume of 93,221. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The stock has a market cap of $179.00 million, a P/E ratio of -9.23 and a beta of 1.29. The firm has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $7.95. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $11.89.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.
Check Out Our Latest Research Report on Motorcar Parts of America
Motorcar Parts of America Profile
(
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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