Atlas Legacy Advisors LLC purchased a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 76,320 shares of the auto parts company's stock, valued at approximately $580,000. Atlas Legacy Advisors LLC owned 0.38% of Motorcar Parts of America at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MPAA. Donald Smith & CO. Inc. increased its position in shares of Motorcar Parts of America by 10.6% in the third quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company's stock worth $7,690,000 after purchasing an additional 99,958 shares during the period. Sequoia Financial Advisors LLC bought a new position in Motorcar Parts of America in the 3rd quarter valued at about $281,000. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company's stock valued at $1,574,000 after buying an additional 27,961 shares in the last quarter. Barclays PLC acquired a new position in shares of Motorcar Parts of America in the 3rd quarter valued at approximately $79,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Motorcar Parts of America by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company's stock worth $709,000 after acquiring an additional 8,000 shares during the period. Institutional investors and hedge funds own 83.48% of the company's stock.
Motorcar Parts of America Price Performance
NASDAQ:MPAA traded up $0.36 on Friday, hitting $10.42. The company had a trading volume of 204,567 shares, compared to its average volume of 109,217. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.50. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $204.06 million, a price-to-earnings ratio of -10.53 and a beta of 1.47. The firm has a 50 day moving average of $7.53 and a two-hundred day moving average of $6.80.
Wall Street Analysts Forecast Growth
Several brokerages have commented on MPAA. StockNews.com downgraded shares of Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Cantor Fitzgerald assumed coverage on Motorcar Parts of America in a research report on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective for the company.
Check Out Our Latest 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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