Russell Investments Group Ltd. trimmed its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,782 shares of the auto parts company's stock after selling 33,789 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.75% of Motorcar Parts of America worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Motorcar Parts of America by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock worth $1,643,000 after purchasing an additional 3,025 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Motorcar Parts of America by 17.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock valued at $8,480,000 after acquiring an additional 162,797 shares in the last quarter. Tieton Capital Management LLC lifted its holdings in Motorcar Parts of America by 22.8% in the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock worth $9,077,000 after purchasing an additional 221,925 shares during the period. Victory Capital Management Inc. grew its position in Motorcar Parts of America by 14.9% in 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 in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the 4th quarter worth approximately $201,000. 83.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com cut Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a report on Tuesday.
Get Our Latest Analysis on Motorcar Parts of America
Motorcar Parts of America Price Performance
MPAA stock traded down $0.42 during trading hours on Friday, hitting $9.06. 41,837 shares of the stock traded hands, compared to its average volume of 93,030. The stock has a 50-day simple moving average of $9.84 and a 200 day simple moving average of $7.93. The company has a market cap of $177.33 million, a P/E ratio of -9.27 and a beta of 1.29. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $11.89. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12.
Motorcar Parts of America Profile
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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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