Victory Capital Management Inc. Cuts Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Victory Capital Management Inc. cut its position in Motorcar Parts of America, Inc. (NASDAQ:MPAAFree Report) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,650 shares of the auto parts company’s stock after selling 19,341 shares during the quarter. Victory Capital Management Inc. owned approximately 0.46% of Motorcar Parts of America worth $837,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MPAA. Citigroup Inc. raised its stake in shares of Motorcar Parts of America by 2,333.4% during the 3rd quarter. Citigroup Inc. now owns 10,780 shares of the auto parts company’s stock worth $87,000 after acquiring an additional 10,337 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Motorcar Parts of America by 211.4% during the third quarter. Acadian Asset Management LLC now owns 167,593 shares of the auto parts company’s stock worth $1,354,000 after purchasing an additional 113,779 shares in the last quarter. Cove Street Capital LLC lifted its holdings in shares of Motorcar Parts of America by 384.8% during the 3rd quarter. Cove Street Capital LLC now owns 700,367 shares of the auto parts company’s stock valued at $5,330,000 after purchasing an additional 555,904 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Motorcar Parts of America by 86.0% in the 3rd quarter. GSA Capital Partners LLP now owns 176,336 shares of the auto parts company’s stock worth $1,427,000 after purchasing an additional 81,507 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Motorcar Parts of America in the 3rd quarter worth $155,000. 83.48% of the stock is owned by hedge funds and other institutional investors.

Motorcar Parts of America Trading Down 1.8 %

Shares of NASDAQ:MPAA opened at $4.86 on Wednesday. The business’s 50-day moving average is $6.45 and its 200 day moving average is $8.24. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.39. Motorcar Parts of America, Inc. has a 1 year low of $4.78 and a 1 year high of $10.40. The firm has a market capitalization of $95.55 million, a P/E ratio of -1.94 and a beta of 1.49.

Motorcar Parts of America Company Profile

(Free Report)

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.

Further Reading

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

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