U.S. Auto Parts Network, Inc. (PRTS) Position Lessened by Perkins Capital Management Inc.
Perkins Capital Management Inc. trimmed its holdings in shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,700 shares of the specialty retailer’s stock after selling 20,900 shares during the quarter. Perkins Capital Management Inc. owned 0.42% of U.S. Auto Parts Network worth $438,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of U.S. Auto Parts Network during the 2nd quarter worth about $116,000. Northern Trust Corp increased its position in shares of U.S. Auto Parts Network by 47.4% during the 2nd quarter. Northern Trust Corp now owns 44,015 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 14,163 shares during the last quarter. Wilshire Associates Inc acquired a new stake in shares of U.S. Auto Parts Network during the 2nd quarter worth about $173,000. JPMorgan Chase & Co. acquired a new stake in shares of U.S. Auto Parts Network during the 2nd quarter worth about $233,000. Finally, Skylands Capital LLC increased its position in shares of U.S. Auto Parts Network by 646.3% during the 2nd quarter. Skylands Capital LLC now owns 116,055 shares of the specialty retailer’s stock worth $375,000 after purchasing an additional 100,505 shares during the last quarter. 58.33% of the stock is owned by hedge funds and other institutional investors.
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U.S. Auto Parts Network (NASDAQ:PRTS) last announced its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $73.81 million during the quarter, compared to analyst estimates of $75.57 million. U.S. Auto Parts Network had a return on equity of 8.59% and a net margin of 8.74%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share.
A number of equities analysts recently commented on PRTS shares. Roth Capital set a $4.00 target price on U.S. Auto Parts Network and gave the company a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded U.S. Auto Parts Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th.
U.S. Auto Parts Network Profile
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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