Russell Investments Group Ltd. Sells 64,781 Shares of Motorcar Parts of America, Inc. $MPAA

Russell Investments Group Ltd. trimmed its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 43.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,001 shares of the auto parts company’s stock after selling 64,781 shares during the quarter. Russell Investments Group Ltd. owned 0.43% of Motorcar Parts of America worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp lifted its position in shares of Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock worth $399,000 after purchasing an additional 2,347 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock worth $7,306,000 after purchasing an additional 2,960 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Motorcar Parts of America by 0.4% during the first quarter. Donald Smith & CO. Inc. now owns 1,024,058 shares of the auto parts company’s stock worth $9,729,000 after purchasing an additional 3,650 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Motorcar Parts of America during the first quarter worth $95,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Motorcar Parts of America during the fourth quarter worth $88,000. 83.48% of the stock is currently owned by institutional investors.

Motorcar Parts of America Trading Down 1.3%

NASDAQ:MPAA opened at $14.90 on Friday. Motorcar Parts of America, Inc. has a one year low of $5.16 and a one year high of $15.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.44. The firm has a market cap of $288.32 million, a P/E ratio of 212.89 and a beta of 1.39. The firm has a 50-day simple moving average of $12.25 and a 200-day simple moving average of $10.81.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.00.

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.