Creative Planning Buys New Shares in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

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Creative Planning bought a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,120 shares of the auto parts company’s stock, valued at approximately $201,000.

Other hedge funds have also recently made changes to their positions in the company. Granahan Investment Management Inc. MA lifted its stake in Motorcar Parts of America by 24.1% in the third quarter. Granahan Investment Management Inc. MA now owns 106,913 shares of the auto parts company’s stock valued at $1,807,000 after acquiring an additional 20,749 shares during the last quarter. Parthenon LLC lifted its stake in Motorcar Parts of America by 28.8% in the third quarter. Parthenon LLC now owns 111,891 shares of the auto parts company’s stock valued at $1,891,000 after acquiring an additional 25,000 shares during the last quarter. Bank of America Corp DE lifted its stake in Motorcar Parts of America by 37.2% in the second quarter. Bank of America Corp DE now owns 46,571 shares of the auto parts company’s stock valued at $997,000 after acquiring an additional 12,630 shares during the last quarter. Morgan Stanley lifted its stake in Motorcar Parts of America by 955.0% in the second quarter. Morgan Stanley now owns 86,907 shares of the auto parts company’s stock valued at $1,860,000 after acquiring an additional 78,669 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Motorcar Parts of America in the third quarter valued at $233,000.

NASDAQ MPAA opened at $18.62 on Friday. The firm has a 50-day moving average of $21.29 and a 200-day moving average of $18.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 1.24. The stock has a market cap of $353.13 million, a PE ratio of -93.10 and a beta of 1.47. Motorcar Parts of America, Inc. has a 52-week low of $13.41 and a 52-week high of $24.60.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Monday, February 10th. The auto parts company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). The company had revenue of $127.68 million for the quarter, compared to analyst estimates of $139.30 million. Motorcar Parts of America had a positive return on equity of 10.04% and a negative net margin of 0.70%. As a group, analysts predict that Motorcar Parts of America, Inc. will post 1.63 EPS for the current fiscal year.

A number of brokerages have commented on MPAA. TheStreet upgraded shares of Motorcar Parts of America from a “d+” rating to a “c-” rating in a research note on Monday, November 4th. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday. Roth Capital increased their price target on shares of Motorcar Parts of America from $17.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, ValuEngine upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.67.

In other news, Director Duane Franklin Miller sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $58,740.00. Company insiders own 5.50% of the company’s stock.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

Further Reading: What is a Derivative?

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

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