888,544 Shares in U.S. Auto Parts Network, Inc. (PRTS) Acquired by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. acquired a new position in U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 888,544 shares of the specialty retailer’s stock, valued at approximately $2,870,000. Uniplan Investment Counsel Inc. owned about 2.57% of U.S. Auto Parts Network at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. boosted its position in U.S. Auto Parts Network by 14.7% in the second quarter. North Star Investment Management Corp. now owns 710,025 shares of the specialty retailer’s stock worth $2,293,000 after purchasing an additional 91,000 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in shares of U.S. Auto Parts Network in the second quarter valued at $1,891,000. Russell Investments Group Ltd. raised its stake in shares of U.S. Auto Parts Network by 4,726.0% in the second quarter. Russell Investments Group Ltd. now owns 842,331 shares of the specialty retailer’s stock valued at $2,720,000 after buying an additional 824,877 shares during the period. TFS Capital LLC raised its stake in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock valued at $161,000 after buying an additional 30,324 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of U.S. Auto Parts Network by 5.3% in the first quarter. Blair William & Co. IL now owns 127,313 shares of the specialty retailer’s stock valued at $426,000 after buying an additional 6,413 shares during the period. 59.80% of the stock is currently owned by institutional investors and hedge funds.

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Shares of U.S. Auto Parts Network, Inc. (NASDAQ PRTS) opened at 3.08 on Wednesday. The company has a market capitalization of $111.05 million, a price-to-earnings ratio of 4.36 and a beta of 1.54. The company’s 50 day moving average price is $2.76 and its 200-day moving average price is $3.17. U.S. Auto Parts Network, Inc. has a 1-year low of $2.40 and a 1-year high of $4.13.

U.S. Auto Parts Network (NASDAQ:PRTS) last released its quarterly earnings results on Thursday, August 10th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $80.21 million for the quarter, compared to the consensus estimate of $79.23 million. U.S. Auto Parts Network had a return on equity of 5.30% and a net margin of 8.41%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. On average, equities analysts forecast that U.S. Auto Parts Network, Inc. will post $0.70 earnings per share for the current year.

U.S. Auto Parts Network declared that its board has authorized a stock buyback plan on Wednesday, May 17th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Several analysts have issued reports on PRTS shares. Roth Capital set a $5.00 target price on U.S. Auto Parts Network and gave the company a “buy” rating in a research note on Tuesday, June 27th. ValuEngine lowered U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded U.S. Auto Parts Network from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

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Institutional Ownership by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

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