Renaissance Technologies LLC lowered its position in U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) by 1.9% during the first quarter, Holdings Channel reports. The firm owned 956,200 shares of the specialty retailer’s stock after selling 18,435 shares during the period. Renaissance Technologies LLC’s holdings in U.S. Auto Parts Network were worth $3,203,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PRTS. Globeflex Capital L P increased its stake in shares of U.S. Auto Parts Network by 17,850.9% in the first quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer’s stock worth $137,000 after buying an additional 40,700 shares during the period. TFS Capital LLC increased its stake in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares during the period. Blair William & Co. IL increased its stake in shares of U.S. Auto Parts Network by 5.3% in the first quarter. Blair William & Co. IL now owns 127,313 shares of the specialty retailer’s stock worth $426,000 after buying an additional 6,413 shares during the period. Acadian Asset Management LLC increased its stake in shares of U.S. Auto Parts Network by 2.6% in the first quarter. Acadian Asset Management LLC now owns 481,967 shares of the specialty retailer’s stock worth $1,616,000 after buying an additional 12,231 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of U.S. Auto Parts Network by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 593,242 shares of the specialty retailer’s stock worth $1,987,000 after buying an additional 7,437 shares during the period. Institutional investors and hedge funds own 69.01% of the company’s stock.

U.S. Auto Parts Network, Inc. (PRTS) traded down 3.28% during midday trading on Friday, reaching $2.65. 68,504 shares of the company were exchanged. The stock has a market capitalization of $95.55 million, a price-to-earnings ratio of 3.75 and a beta of 1.49. U.S. Auto Parts Network, Inc. has a 52-week low of $2.40 and a 52-week high of $4.35. The firm’s 50-day moving average price is $2.94 and its 200 day moving average price is $3.25.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data on Thursday, August 10th. The specialty retailer reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. U.S. Auto Parts Network had a net margin of 1.01% and a return on equity of 14.44%. The company had revenue of $80.21 million during the quarter, compared to analyst estimates of $79.23 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts predict that U.S. Auto Parts Network, Inc. will post $0.09 earnings per share for the current year.

U.S. Auto Parts Network declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 17th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts have recently commented on PRTS shares. Roth Capital set a $5.00 price target on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, ValuEngine downgraded shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a report on Friday, June 2nd.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

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Institutional Ownership by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

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