Trexquant Investment LP Cuts Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Trexquant Investment LP trimmed its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 33.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 60,135 shares of the auto parts company’s stock after selling 29,712 shares during the period. Trexquant Investment LP’s holdings in Motorcar Parts of America were worth $457,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MPAA. Tieton Capital Management LLC lifted its position in shares of Motorcar Parts of America by 22.8% during the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock worth $9,077,000 after purchasing an additional 221,925 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Motorcar Parts of America by 17.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock worth $8,480,000 after buying an additional 162,797 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new position in Motorcar Parts of America in the 4th quarter valued at approximately $580,000. Geode Capital Management LLC grew its stake in shares of Motorcar Parts of America by 15.1% in the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after acquiring an additional 27,961 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth $201,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Motorcar Parts of America Trading Down 1.8 %

Shares of NASDAQ:MPAA opened at $8.75 on Friday. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89. The company’s 50 day moving average is $9.53 and its two-hundred day moving average is $7.80. The company has a market cap of $171.36 million, a PE ratio of -8.84 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com lowered Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a report on Friday, April 4th. Cantor Fitzgerald started coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective for the company.

Motorcar Parts of America Company 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.