TIAA CREF Investment Management LLC increased its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,111 shares of the auto parts company’s stock after buying an additional 572 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.26% of Motorcar Parts of America worth $1,387,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MPAA. Parametric Portfolio Associates LLC grew its stake in shares of Motorcar Parts of America by 75.9% in the first quarter. Parametric Portfolio Associates LLC now owns 17,963 shares of the auto parts company’s stock valued at $552,000 after buying an additional 7,753 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Motorcar Parts of America by 17.1% in the first quarter. OppenheimerFunds Inc. now owns 10,820 shares of the auto parts company’s stock valued at $333,000 after buying an additional 1,581 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Motorcar Parts of America by 3.8% in the first quarter. Principal Financial Group Inc. now owns 142,088 shares of the auto parts company’s stock valued at $4,366,000 after buying an additional 5,208 shares in the last quarter. FMR LLC grew its stake in shares of Motorcar Parts of America by 0.6% in the first quarter. FMR LLC now owns 981,349 shares of the auto parts company’s stock valued at $30,157,000 after buying an additional 5,400 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Motorcar Parts of America by 3.8% in the first quarter. Teachers Advisors LLC now owns 30,087 shares of the auto parts company’s stock valued at $925,000 after buying an additional 1,094 shares in the last quarter.

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $26.83 on Tuesday. Motorcar Parts of America, Inc. has a 12 month low of $21.75 and a 12 month high of $31.57. The company has a current ratio of 0.86, a quick ratio of 0.21 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $502.96, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 0.51 and a beta of 0.94.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The firm had revenue of $95.06 million during the quarter, compared to analyst estimates of $93.60 million. During the same quarter last year, the firm earned $0.52 EPS. Motorcar Parts of America’s quarterly revenue was up 11.3% on a year-over-year basis. equities research analysts forecast that Motorcar Parts of America, Inc. will post 2.32 earnings per share for the current year.

MPAA has been the subject of a number of recent analyst reports. TheStreet upgraded Motorcar Parts of America from a “c” rating to a “b-” rating in a research note on Monday, October 9th. Zacks Investment Research lowered Motorcar Parts of America from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co restated an “outperform” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. Finally, ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Motorcar Parts of America currently has a consensus rating of “Hold” and a consensus target price of $35.50.

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Motorcar Parts of America Company Profile

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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