Russell Investments Group Ltd. lowered its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 52.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,342 shares of the auto parts company’s stock after selling 216,981 shares during the period. Russell Investments Group Ltd. owned approximately 1.04% of Motorcar Parts of America worth $5,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Motorcar Parts of America by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock worth $30,414,000 after purchasing an additional 123,693 shares during the last quarter. Vanguard Group Inc. lifted its stake in Motorcar Parts of America by 1.2% in the second quarter. Vanguard Group Inc. now owns 1,005,058 shares of the auto parts company’s stock worth $28,383,000 after purchasing an additional 11,783 shares during the last quarter. Royal Bank of Canada lifted its stake in Motorcar Parts of America by 533.9% in the second quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after purchasing an additional 703,390 shares during the last quarter. State Street Corp lifted its stake in Motorcar Parts of America by 4.4% in the second quarter. State Street Corp now owns 429,157 shares of the auto parts company’s stock worth $12,117,000 after purchasing an additional 18,153 shares during the last quarter. Finally, Ashford Capital Management Inc. bought a new stake in Motorcar Parts of America in the second quarter worth about $11,330,000.

Shares of Motorcar Parts of America, Inc. (NASDAQ MPAA) opened at $24.48 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89. Motorcar Parts of America, Inc. has a 12 month low of $23.98 and a 12 month high of $31.57. The firm has a market cap of $466.83, a P/E ratio of 12.43, a PEG ratio of 0.51 and a beta of 0.93.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The company had revenue of $111.77 million for the quarter, compared to the consensus estimate of $112.83 million. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was up 2.7% on a year-over-year basis. sell-side analysts expect that Motorcar Parts of America, Inc. will post 2.09 EPS for the current fiscal year.

Several brokerages have issued reports on MPAA. B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, TheStreet downgraded shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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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