Schonfeld Strategic Advisors LLC Invests $161,000 in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Schonfeld Strategic Advisors LLC acquired a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 21,202 shares of the auto parts company’s stock, valued at approximately $161,000.

A number of other hedge funds have also recently added to or reduced their stakes in MPAA. Barclays PLC acquired a new stake in Motorcar Parts of America in the third quarter valued at $79,000. Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $201,000. Northern Trust Corp lifted its stake in shares of Motorcar Parts of America by 4.7% in the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 2,347 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the fourth quarter valued at about $580,000. Finally, Victory Capital Management Inc. lifted its position in shares of Motorcar Parts of America by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock valued at $838,000 after acquiring an additional 14,310 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 8th.

Motorcar Parts of America Stock Performance

Shares of MPAA stock opened at $10.93 on Thursday. The stock has a market cap of $214.05 million, a PE ratio of -11.04 and a beta of 1.32. 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 1 year low of $4.36 and a 1 year high of $11.89. The stock has a fifty day moving average price of $9.54 and a 200 day moving average price of $8.25.

About Motorcar Parts of America

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.