Russell Investments Group Ltd. Has $1.14 Million Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Russell Investments Group Ltd. reduced its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,782 shares of the auto parts company’s stock after selling 33,789 shares during the quarter. Russell Investments Group Ltd. owned 0.75% of Motorcar Parts of America worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in shares of Motorcar Parts of America in the third quarter valued at about $79,000. Bailard Inc. acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $201,000. Atlas Legacy Advisors LLC acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $580,000. Victory Capital Management Inc. grew its stake in shares of Motorcar Parts of America by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock worth $838,000 after acquiring an additional 14,310 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Motorcar Parts of America by 15.1% in the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock valued at $1,574,000 after purchasing an additional 27,961 shares during the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Monday, April 14th.

Motorcar Parts of America Stock Performance

MPAA opened at $8.80 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. The business’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $7.89. The firm has a market capitalization of $172.34 million, a PE ratio of -8.89 and a beta of 1.29. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $11.89.

Motorcar Parts of America Company Profile

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.