Balyasny Asset Management L.P. Buys New Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Balyasny Asset Management L.P. purchased a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,539 shares of the auto parts company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPAA. Barclays PLC bought a new stake in shares of Motorcar Parts of America during the third quarter valued at approximately $79,000. Atlas Legacy Advisors LLC acquired a new stake in Motorcar Parts of America in the 4th quarter valued at $580,000. Bailard Inc. acquired a new stake in Motorcar Parts of America in the 4th quarter valued at $201,000. Victory Capital Management Inc. increased its stake in 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 purchasing an additional 14,310 shares in the last quarter. Finally, Tieton Capital Management LLC raised its holdings in 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 buying an additional 221,925 shares during the last quarter. Institutional investors own 83.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $10.88 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. The stock has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $8.37. The firm has a market capitalization of $213.07 million, a P/E ratio of -10.99 and a beta of 1.32. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89.

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.