Marshall Wace LLP Increases Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Marshall Wace LLP raised its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 77.4% during the fourth quarter, Holdings Channel reports. The firm owned 115,331 shares of the auto parts company’s stock after buying an additional 50,302 shares during the quarter. Marshall Wace LLP’s holdings in Motorcar Parts of America were worth $877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC purchased a new position in Motorcar Parts of America in the 3rd quarter valued at approximately $79,000. Bailard Inc. purchased a new stake in Motorcar Parts of America during the 4th quarter worth about $201,000. Atlas Legacy Advisors LLC purchased a new position in shares of Motorcar Parts of America in the 4th quarter valued at about $580,000. Victory Capital Management Inc. increased its stake in Motorcar Parts of America by 14.9% in the fourth quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock valued at $838,000 after purchasing an additional 14,310 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Motorcar Parts of America by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock valued at $1,574,000 after buying an additional 27,961 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Motorcar Parts of America Price Performance

Shares of NASDAQ:MPAA opened at $8.91 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $11.89. The company has a 50-day simple moving average of $9.73 and a 200-day simple moving average of $8.00. The stock has a market capitalization of $174.49 million, a price-to-earnings ratio of -9.00 and a beta of 1.29.

Motorcar Parts of America 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.