Boston Partners cut its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 71.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,711 shares of the auto parts company's stock after selling 66,503 shares during the period. Boston Partners owned about 0.13% of Motorcar Parts of America worth $203,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its holdings 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 valued at $838,000 after buying an additional 14,310 shares during the last quarter. Bailard Inc. bought a new stake in Motorcar Parts of America in the fourth quarter worth approximately $201,000. Atlas Legacy Advisors LLC acquired a new position in shares of Motorcar Parts of America during the 4th quarter worth $580,000. Barclays PLC bought a new position in shares of Motorcar Parts of America during the 3rd quarter valued at $79,000. Finally, Geode Capital Management LLC raised its holdings 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 valued at $1,574,000 after purchasing an additional 27,961 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.
Motorcar Parts of America Price Performance
Shares of NASDAQ:MPAA traded down $0.08 during midday trading on Thursday, reaching $10.02. The company's stock had a trading volume of 105,357 shares, compared to its average volume of 91,439. The business's fifty day simple moving average is $8.94 and its 200-day simple moving average is $7.52. The company has a market capitalization of $196.23 million, a P/E ratio of -10.12 and a beta of 1.35. 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, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $11.89.
Analyst Ratings Changes
A number of research analysts have recently commented on MPAA shares. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective on the stock. StockNews.com upgraded Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 21st.
Read Our Latest Research Report on MPAA
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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