OMERS ADMINISTRATION Corp Purchases New Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

OMERS ADMINISTRATION Corp purchased a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 12,800 shares of the auto parts company’s stock, valued at approximately $97,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in Motorcar Parts of America by 39.3% during the 4th quarter. Millennium Management LLC now owns 82,056 shares of the auto parts company’s stock worth $624,000 after purchasing an additional 23,164 shares during the period. D. E. Shaw & Co. Inc. increased its position in Motorcar Parts of America by 10.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company’s stock worth $1,083,000 after purchasing an additional 13,644 shares during the period. Balyasny Asset Management L.P. acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $88,000. Ancora Advisors LLC acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $512,000. Finally, 683 Capital Management LLC acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $332,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th.

Motorcar Parts of America Stock Performance

NASDAQ MPAA opened at $11.40 on Wednesday. The business’s 50 day moving average is $9.57 and its two-hundred day moving average is $8.43. The stock has a market capitalization of $223.26 million, a price-to-earnings ratio of -11.52 and a beta of 1.32. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $11.89.

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.