Geode Capital Management LLC Raises Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Geode Capital Management LLC grew its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 15.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 212,994 shares of the auto parts company’s stock after acquiring an additional 27,961 shares during the period. Geode Capital Management LLC owned about 1.08% of Motorcar Parts of America worth $1,574,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its position in Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares during the period. Victory Capital Management Inc. grew its stake in shares of Motorcar Parts of America by 4.8% in the second quarter. Victory Capital Management Inc. now owns 88,000 shares of the auto parts company’s stock valued at $543,000 after buying an additional 4,000 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Motorcar Parts of America by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 209,443 shares of the auto parts company’s stock valued at $1,292,000 after buying an additional 4,595 shares during the period. Perritt Capital Management Inc lifted its stake in Motorcar Parts of America by 6.7% during the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock worth $482,000 after acquiring an additional 4,867 shares in the last quarter. Finally, Equitable Trust Co. boosted its holdings in Motorcar Parts of America by 9.3% during the 3rd quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after acquiring an additional 5,780 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald began coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective for the company.

Motorcar Parts of America Trading Down 4.8 %

NASDAQ:MPAA opened at $7.36 on Thursday. The stock has a fifty day moving average price of $7.19 and a 200 day moving average price of $6.53. The company has a current ratio of 1.39, a quick ratio of 0.43 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 $10.40. The firm has a market cap of $146.11 million, a PE ratio of -2.10 and a beta of 1.49.

Insider Activity

In other news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $6.86 per share, with a total value of $343,000.00. Following the transaction, the director now owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.70% of the company’s stock.

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.