Private Capital Management LLC Decreases Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Private Capital Management LLC trimmed its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,635,155 shares of the auto parts company’s stock after selling 46,248 shares during the quarter. Motorcar Parts of America accounts for about 3.9% of Private Capital Management LLC’s portfolio, making the stock its 16th largest position. Private Capital Management LLC owned approximately 13.27% of Motorcar Parts of America worth $19,474,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MPAA. Captrust Financial Advisors boosted its holdings in Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after acquiring an additional 3,005 shares in the last quarter. Equitable Trust Co. raised its position in shares of Motorcar Parts of America by 9.3% in the 3rd quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 5,780 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock worth $312,000 after purchasing an additional 7,198 shares in the last quarter. Victory Capital Management Inc. grew its position in Motorcar Parts of America by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Barclays PLC acquired a new position in Motorcar Parts of America during the 3rd quarter valued at approximately $79,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MPAA has been the subject of several research reports. StockNews.com downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. Cantor Fitzgerald assumed coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price for the company.

Motorcar Parts of America Trading Down 4.8 %

Motorcar Parts of America stock opened at $10.82 on Friday. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89. The stock has a 50-day moving average price of $7.75 and a 200 day moving average price of $6.94. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $211.90 million, a price-to-earnings ratio of -10.93 and a beta of 1.47.

Motorcar Parts of America Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.