D. E. Shaw & Co. Inc. Has $1.08 Million Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

D. E. Shaw & Co. Inc. increased its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,497 shares of the auto parts company’s stock after buying an additional 13,644 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.72% of Motorcar Parts of America worth $1,083,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in Motorcar Parts of America in the 3rd quarter valued at $79,000. Balyasny Asset Management L.P. acquired a new stake in Motorcar Parts of America during the fourth quarter worth approximately $88,000. Schonfeld Strategic Advisors LLC acquired a new position in Motorcar Parts of America in the 4th quarter valued at $161,000. Bailard Inc. acquired a new position in shares of Motorcar Parts of America in the fourth quarter valued at about $201,000. Finally, Jane Street Group LLC bought a new position in shares of Motorcar Parts of America during the fourth quarter worth approximately $266,000. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Stock Performance

NASDAQ MPAA opened at $10.97 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $11.89. The stock has a market cap of $214.84 million, a PE ratio of -11.08 and a beta of 1.32. The firm’s fifty day moving average price is $9.61 and its two-hundred day moving average price is $8.51.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

Motorcar Parts of America 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.