Parametric Portfolio Associates LLC increased its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 26.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,668 shares of the auto parts company’s stock after buying an additional 4,705 shares during the period. Parametric Portfolio Associates LLC owned 0.12% of Motorcar Parts of America worth $640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPAA. Vanguard Group Inc. boosted its holdings in shares of Motorcar Parts of America by 24.2% during the 1st quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock worth $30,523,000 after buying an additional 193,579 shares during the period. Northpointe Capital LLC boosted its holdings in shares of Motorcar Parts of America by 268.7% during the 2nd quarter. Northpointe Capital LLC now owns 254,344 shares of the auto parts company’s stock worth $7,183,000 after buying an additional 185,363 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Motorcar Parts of America by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 953,287 shares of the auto parts company’s stock worth $29,294,000 after buying an additional 109,430 shares during the period. Foundry Partners LLC boosted its holdings in shares of Motorcar Parts of America by 118.7% during the 2nd quarter. Foundry Partners LLC now owns 176,575 shares of the auto parts company’s stock worth $4,986,000 after buying an additional 95,850 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Motorcar Parts of America during the 2nd quarter worth $1,163,000. 99.94% of the stock is owned by institutional investors and hedge funds.

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Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Saturday, September 16th. TheStreet downgraded shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Monday, August 28th. Roth Capital set a $32.00 price objective on shares of Motorcar Parts of America and gave the stock a “buy” rating in a report on Sunday, August 20th. B. Riley reaffirmed a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Motorcar Parts of America currently has an average rating of “Hold” and a consensus target price of $35.50.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $24.76 on Thursday. The company has a market cap of $473.69, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.48 and a beta of 0.94. Motorcar Parts of America, Inc. has a one year low of $24.13 and a one year high of $31.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The company had revenue of $111.77 million for the quarter, compared to analyst estimates of $112.83 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. Motorcar Parts of America’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. equities analysts predict that Motorcar Parts of America, Inc. will post 2.23 earnings per share for the current year.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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