CarParts.com, Inc. (NASDAQ:PRTS) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 380.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,146 shares of the specialty retailer’s stock after acquiring an additional 11,992 shares during the period. Tower Research Capital LLC TRC’s holdings in CarParts.com were worth $48,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in CarParts.com during the third quarter worth about $40,000. Oxford Asset Management LLP acquired a new position in CarParts.com during the fourth quarter worth about $47,000. Assenagon Asset Management S.A. acquired a new position in CarParts.com during the third quarter worth about $92,000. Whittier Trust Co. acquired a new position in shares of CarParts.com in the fourth quarter valued at approximately $95,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of CarParts.com in the third quarter valued at approximately $139,000. Institutional investors and hedge funds own 75.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CarParts.com from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

CarParts.com Trading Down 1.6 %

Shares of NASDAQ:PRTS traded down $0.02 during trading on Tuesday, reaching $1.23. The stock had a trading volume of 602,165 shares, compared to its average volume of 672,404. The business has a fifty day moving average price of $1.77 and a 200-day moving average price of $2.63. The company has a quick ratio of 0.57, a current ratio of 1.71 and a debt-to-equity ratio of 0.11. The stock has a market cap of $69.68 million, a P/E ratio of -8.79 and a beta of 1.99. CarParts.com, Inc. has a fifty-two week low of $1.21 and a fifty-two week high of $5.16.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Thursday, March 7th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). CarParts.com had a negative net margin of 1.22% and a negative return on equity of 7.06%. The company had revenue of $156.40 million during the quarter, compared to analysts’ expectations of $150.60 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share.

CarParts.com 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.