Private Capital Management LLC trimmed its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,635,155 shares of the auto parts company's stock after selling 46,248 shares during the quarter. Motorcar Parts of America accounts for about 3.9% of Private Capital Management LLC's investment portfolio, making the stock its 16th biggest position. Private Capital Management LLC owned approximately 13.27% of Motorcar Parts of America worth $19,474,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Barclays PLC acquired a new stake in Motorcar Parts of America during the 3rd quarter valued at approximately $79,000. Oppenheimer Asset Management Inc. grew its position in shares of Motorcar Parts of America by 20.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company's stock worth $312,000 after buying an additional 7,198 shares in the last quarter. Equitable Trust Co. increased its stake in shares of Motorcar Parts of America by 9.3% in the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company's stock worth $502,000 after buying an additional 5,780 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in Motorcar Parts of America in the fourth quarter valued at $580,000. Finally, Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company's stock valued at $709,000 after acquiring an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.
Motorcar Parts of America Stock Performance
Motorcar Parts of America stock traded down $0.11 during mid-day trading on Tuesday, reaching $10.40. The company's stock had a trading volume of 186,949 shares, compared to its average volume of 118,487. The firm has a market cap of $203.67 million, a price-to-earnings ratio of -10.50 and a beta of 1.47. Motorcar Parts of America, Inc. has a twelve month low of $4.36 and a twelve month high of $11.89. The business has a 50 day moving average price of $7.92 and a 200-day moving average price of $7.04. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Cantor Fitzgerald assumed coverage on Motorcar Parts of America in a research note on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective on the stock.
Check Out Our Latest Stock Analysis on Motorcar Parts of America
About Motorcar Parts of America
(
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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