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

Creative Planning purchased a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,120 shares of the auto parts company’s stock, valued at approximately $201,000.

Other institutional investors also recently made changes to their positions in the company. Granahan Investment Management Inc. MA grew its holdings in shares of Motorcar Parts of America by 24.1% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 106,913 shares of the auto parts company’s stock valued at $1,807,000 after purchasing an additional 20,749 shares during the last quarter. Parthenon LLC grew its holdings in shares of Motorcar Parts of America by 28.8% during the 3rd quarter. Parthenon LLC now owns 111,891 shares of the auto parts company’s stock valued at $1,891,000 after purchasing an additional 25,000 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Motorcar Parts of America by 37.2% during the 2nd quarter. Bank of America Corp DE now owns 46,571 shares of the auto parts company’s stock valued at $997,000 after purchasing an additional 12,630 shares during the last quarter. Morgan Stanley grew its holdings in shares of Motorcar Parts of America by 955.0% during the 2nd quarter. Morgan Stanley now owns 86,907 shares of the auto parts company’s stock valued at $1,860,000 after purchasing an additional 78,669 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at approximately $233,000.

In other Motorcar Parts of America news, Director Duane Franklin Miller sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.58, for a total transaction of $58,740.00. Insiders own 5.50% of the company’s stock.

MPAA opened at $18.62 on Friday. Motorcar Parts of America, Inc. has a fifty-two week low of $13.41 and a fifty-two week high of $24.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.38. The firm has a market capitalization of $353.13 million, a price-to-earnings ratio of -93.10 and a beta of 1.47. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $18.67.

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 for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.15). Motorcar Parts of America had a positive return on equity of 10.04% and a negative net margin of 0.70%. The business had revenue of $127.68 million for the quarter, compared to the consensus estimate of $139.30 million. As a group, equities research analysts predict that Motorcar Parts of America, Inc. will post 1.63 EPS for the current year.

Several equities research analysts recently issued reports on MPAA shares. B. Riley decreased their price target on shares of Motorcar Parts of America from $39.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday. BidaskClub lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday. TheStreet raised shares of Motorcar Parts of America from a “d+” rating to a “c-” rating in a report on Monday, November 4th. ValuEngine raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Roth Capital lifted 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 report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.67.

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.

Recommended Story: S&P 500 Index

Want to see what other hedge funds are holding MPAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorcar Parts of America, Inc. (NASDAQ:MPAA).

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

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.