HarbourVest Partners LLC bought a new stake in shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,476,877 shares of the specialty retailer’s stock, valued at approximately $4,770,000. U.S. Auto Parts Network makes up approximately 2.1% of HarbourVest Partners LLC’s holdings, making the stock its 6th largest holding. HarbourVest Partners LLC owned approximately 4.10% of U.S. Auto Parts Network as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH acquired a new position in U.S. Auto Parts Network during the 2nd quarter valued at about $116,000. Globeflex Capital L P increased its position in U.S. Auto Parts Network by 17,850.9% during the 1st quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer’s stock valued at $137,000 after buying an additional 40,700 shares in the last quarter. Northern Trust Corp increased its position in U.S. Auto Parts Network by 47.4% during the 2nd quarter. Northern Trust Corp now owns 44,015 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 14,163 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in U.S. Auto Parts Network during the 2nd quarter valued at about $233,000. Finally, Skylands Capital LLC increased its position in U.S. Auto Parts Network by 646.3% during the 2nd quarter. Skylands Capital LLC now owns 116,055 shares of the specialty retailer’s stock valued at $375,000 after buying an additional 100,505 shares in the last quarter. 59.80% of the stock is currently owned by institutional investors.

U.S. Auto Parts Network, Inc. (NASDAQ PRTS) remained flat at $2.89 during mid-day trading on Friday. 15,640 shares of the stock were exchanged. The company’s 50 day moving average is $2.80 and its 200 day moving average is $3.15. The stock has a market capitalization of $104.20 million, a price-to-earnings ratio of 4.09 and a beta of 1.54. U.S. Auto Parts Network, Inc. has a 52-week low of $2.40 and a 52-week high of $4.13.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its earnings results on Thursday, August 10th. The specialty retailer reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. U.S. Auto Parts Network had a return on equity of 5.30% and a net margin of 8.41%. The business had revenue of $80.21 million for the quarter, compared to analysts’ expectations of $79.23 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that U.S. Auto Parts Network, Inc. will post $0.70 EPS for the current fiscal year.

PRTS has been the topic of several research analyst reports. Zacks Investment Research downgraded U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Roth Capital set a $4.00 price target on U.S. Auto Parts Network and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, ValuEngine downgraded U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.

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U.S. Auto Parts Network Profile

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.

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

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