CarParts.com, Inc. (NASDAQ:PRTS) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in CarParts.com, Inc. (NASDAQ:PRTS) by 145.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,371 shares of the specialty retailer’s stock after purchasing an additional 399,901 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.18% of CarParts.com worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PRTS. XTX Topco Ltd increased its stake in shares of CarParts.com by 14.9% during the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 10,230 shares during the last quarter. Williams & Novak LLC grew its holdings in CarParts.com by 11.1% in the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock valued at $115,000 after purchasing an additional 12,650 shares during the period. FMR LLC increased its position in CarParts.com by 26.6% during the third quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock worth $386,000 after purchasing an additional 89,645 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in CarParts.com during the second quarter worth approximately $93,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of CarParts.com by 24.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,198,500 shares of the specialty retailer’s stock valued at $1,198,000 after purchasing an additional 232,500 shares during the last quarter. 75.30% of the stock is owned by institutional investors and hedge funds.

CarParts.com Stock Performance

NASDAQ:PRTS opened at $1.33 on Friday. The firm’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $0.96. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. CarParts.com, Inc. has a twelve month low of $0.68 and a twelve month high of $2.97. The firm has a market capitalization of $76.34 million, a price-to-earnings ratio of -2.46 and a beta of 2.00.

CarParts.com (NASDAQ:PRTS) last issued its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The company had revenue of $144.75 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PRTS. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada cut their price objective on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating on the stock in a report on Wednesday, October 30th.

About CarParts.com

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.