Charles Schwab Investment Management Inc. Acquires New Position in Motorcar Parts of America, Inc. $MPAA

Charles Schwab Investment Management Inc. bought a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 10,000 shares of the auto parts company’s stock, valued at approximately $95,000. Charles Schwab Investment Management Inc. owned approximately 0.05% of Motorcar Parts of America at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new position in Motorcar Parts of America during the fourth quarter valued at approximately $88,000. OMERS ADMINISTRATION Corp acquired a new stake in Motorcar Parts of America in the 4th quarter valued at about $97,000. Corton Capital Inc. purchased a new stake in Motorcar Parts of America during the first quarter valued at about $119,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Motorcar Parts of America in the 4th quarter valued at about $161,000. Finally, XTX Topco Ltd acquired a new position in Motorcar Parts of America in the first quarter worth approximately $183,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Motorcar Parts of America Price Performance

MPAA opened at $14.87 on Friday. Motorcar Parts of America, Inc. has a 12-month low of $5.16 and a 12-month high of $15.20. The company has a current ratio of 1.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $10.98. The company has a market cap of $287.73 million, a price-to-earnings ratio of 212.46 and a beta of 1.44.

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.