New York State Common Retirement Fund cut its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 0.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,200 shares of the auto parts company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Motorcar Parts of America worth $599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MPAA. State of Alaska Department of Revenue raised its position in Motorcar Parts of America by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 1,594 shares in the last quarter. Victory Capital Management Inc. raised its position in Motorcar Parts of America by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 608 shares in the last quarter. Bank of Montreal Can raised its position in Motorcar Parts of America by 1.4% in the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after acquiring an additional 68 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Motorcar Parts of America by 57.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after acquiring an additional 2,001 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Motorcar Parts of America in the second quarter worth $221,000.

MPAA has been the subject of several research analyst reports. Zacks Investment Research upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, FBR & Co reiterated an “outperform” rating and issued a $39.00 price objective on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Motorcar Parts of America presently has an average rating of “Hold” and a consensus target price of $35.50.

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Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $25.50 on Friday. Motorcar Parts of America, Inc. has a 52-week low of $24.13 and a 52-week high of $31.57. The firm has a market capitalization of $494.28, a price-to-earnings ratio of 13.16, a PEG ratio of 0.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.21.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.55%. The firm had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. During the same quarter in the prior year, the business earned $0.64 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. sell-side analysts forecast that Motorcar Parts of America, Inc. will post 2.32 EPS for the current year.

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.

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

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