Price T Rowe Associates Inc. MD Has $618,000 Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Price T Rowe Associates Inc. MD decreased its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,859 shares of the auto parts company’s stock after selling 6,700 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.15% of Motorcar Parts of America worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Motorcar Parts of America by 2,191.7% in the 2nd quarter. Bank of Montreal Can now owns 1,650 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 1,578 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Motorcar Parts of America in the 2nd quarter worth $92,000. Aperio Group LLC bought a new position in shares of Motorcar Parts of America in the 2nd quarter worth $177,000. First Hawaiian Bank lifted its holdings in shares of Motorcar Parts of America by 27.7% in the 2nd quarter. First Hawaiian Bank now owns 9,411 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 2,041 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Motorcar Parts of America in the 2nd quarter worth $208,000.

NASDAQ:MPAA traded down $0.17 during trading hours on Monday, hitting $15.74. 1,104 shares of the company traded hands, compared to its average volume of 116,314. The company has a quick ratio of 0.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $15.56 and its 200-day simple moving average is $17.96. Motorcar Parts of America, Inc. has a one year low of $12.09 and a one year high of $23.65. The company has a market cap of $294.88 million, a PE ratio of 10.43 and a beta of 1.52.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Thursday, August 8th. The auto parts company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. Motorcar Parts of America had a positive return on equity of 9.93% and a negative net margin of 1.73%. The business had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $106.08 million. During the same period last year, the business earned $0.15 EPS. The business’s revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts expect that Motorcar Parts of America, Inc. will post 1.58 EPS for the current year.

A number of equities analysts recently issued reports on MPAA shares. Roth Capital reiterated a “buy” rating and issued a $17.00 target price on shares of Motorcar Parts of America in a report on Wednesday, September 4th. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Friday, September 27th. Zacks Investment Research cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TheStreet cut Motorcar Parts of America from a “c” rating to a “d+” rating in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.67.

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.

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

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