Citadel Advisors LLC Has $1.31 Million Position in Motorcar Parts of America, Inc. (MPAA)

Citadel Advisors LLC boosted its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 158.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,454 shares of the auto parts company’s stock after buying an additional 27,285 shares during the period. Citadel Advisors LLC owned approximately 0.24% of Motorcar Parts of America worth $1,310,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its holdings in shares of Motorcar Parts of America by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 1,594 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Motorcar Parts of America by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 608 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after purchasing an additional 68 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Motorcar Parts of America by 57.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 2,001 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Motorcar Parts of America by 14.8% in the 2nd quarter. Voya Investment Management LLC now owns 9,322 shares of the auto parts company’s stock worth $263,000 after purchasing an additional 1,204 shares in the last quarter.

A number of analysts have commented on the company. B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, TheStreet raised Motorcar Parts of America from a “c” rating to a “b-” rating in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $35.50.

Shares of Motorcar Parts of America, Inc. (NASDAQ MPAA) opened at $24.50 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 0.06. Motorcar Parts of America, Inc. has a fifty-two week low of $23.98 and a fifty-two week high of $31.57. The company has a market capitalization of $471.78, a price-to-earnings ratio of 12.56, a P/E/G ratio of 0.48 and a beta of 0.93.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The firm had revenue of $111.77 million during the quarter, compared to the consensus estimate of $112.83 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue was up 2.7% on a year-over-year basis. analysts forecast that Motorcar Parts of America, Inc. will post 2.23 EPS for the current fiscal year.

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About Motorcar Parts of America

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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