American Century Companies Inc. Raises Stock Position in Motorcar Parts of America, Inc. $MPAA

American Century Companies Inc. boosted its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,105 shares of the auto parts company’s stock after acquiring an additional 48,386 shares during the period. American Century Companies Inc. owned 1.33% of Motorcar Parts of America worth $2,471,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Northern Trust Corp grew its stake in 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 valued at $399,000 after acquiring an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 valued at $7,306,000 after acquiring an additional 2,960 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in 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 valued at $9,729,000 after acquiring an additional 3,650 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Motorcar Parts of America during the first quarter valued at approximately $95,000. Finally, Balyasny Asset Management L.P. purchased a new position in Motorcar Parts of America during the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Motorcar Parts of America Trading Down 1.3%

Shares of Motorcar Parts of America stock opened at $14.90 on Monday. Motorcar Parts of America, Inc. has a 1 year low of $5.16 and a 1 year high of $15.20. The firm has a market cap of $288.32 million, a PE ratio of 212.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 0.42. The company has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $10.85.

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.