CarParts.com, Inc. (NASDAQ:PRTS) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in CarParts.com, Inc. (NASDAQ:PRTS - Free Report) by 145.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 675,371 shares of the specialty retailer's stock after acquiring an additional 399,901 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.18% of CarParts.com worth $729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd raised its holdings in CarParts.com by 41.2% in the 2nd quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer's stock valued at $69,000 after acquiring an additional 20,037 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in CarParts.com in the second quarter valued at approximately $93,000. Williams & Novak LLC increased its position in CarParts.com by 11.1% during the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer's stock worth $115,000 after purchasing an additional 12,650 shares during the last quarter. FMR LLC raised its stake in CarParts.com by 26.6% during the third quarter. FMR LLC now owns 426,441 shares of the specialty retailer's stock worth $386,000 after purchasing an additional 89,645 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of CarParts.com by 236.5% in the 3rd quarter. GSA Capital Partners LLP now owns 1,233,829 shares of the specialty retailer's stock valued at $1,118,000 after purchasing an additional 867,140 shares during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on PRTS shares. Royal Bank of Canada cut their target price on CarParts.com from $0.90 to $0.80 and set a "sector perform" rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised CarParts.com from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

CarParts.com Stock Down 4.3 %

NASDAQ PRTS traded down $0.06 during trading hours on Friday, hitting $1.33. The company had a trading volume of 477,659 shares, compared to its average volume of 451,335. The firm's 50 day moving average is $1.06 and its 200 day moving average is $0.96. The company has a market capitalization of $76.34 million, a price-to-earnings ratio of -2.46 and a beta of 2.00. CarParts.com, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $2.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57.

CarParts.com (NASDAQ:PRTS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $144.75 million for the quarter. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.