Victory Capital Management Inc. Cuts Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Victory Capital Management Inc. lessened its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,950 shares of the auto parts company’s stock after selling 9,360 shares during the quarter. Victory Capital Management Inc. owned about 0.52% of Motorcar Parts of America worth $959,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. bought a new stake in shares of Motorcar Parts of America in the 4th quarter valued at approximately $88,000. OMERS ADMINISTRATION Corp purchased a new stake in Motorcar Parts of America during the 4th quarter valued at $97,000. Schonfeld Strategic Advisors LLC bought a new stake in Motorcar Parts of America in the fourth quarter worth $161,000. Jane Street Group LLC bought a new stake in Motorcar Parts of America in the fourth quarter worth $266,000. Finally, Ritholtz Wealth Management purchased a new position in Motorcar Parts of America during the first quarter worth $359,000. 83.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Motorcar Parts of America Stock Down 3.1%

Motorcar Parts of America stock opened at $10.37 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.14. The firm has a market cap of $200.66 million, a P/E ratio of -10.37 and a beta of 1.35. The business has a fifty day moving average of $11.22 and a two-hundred day moving average of $9.85. Motorcar Parts of America, Inc. has a twelve month low of $5.16 and a twelve month high of $12.72.

About Motorcar Parts of America

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.