American Century Companies Inc. Acquires 139,513 Shares of Motorcar Parts of America, Inc. $MPAA

American Century Companies Inc. raised its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 53.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 399,618 shares of the auto parts company’s stock after purchasing an additional 139,513 shares during the period. American Century Companies Inc. owned 2.07% of Motorcar Parts of America worth $4,476,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MPAA. Pure Financial Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 2nd quarter worth about $5,781,000. Geode Capital Management LLC lifted its position in Motorcar Parts of America by 100.6% during the second quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock worth $5,031,000 after acquiring an additional 225,225 shares during the last quarter. Informed Momentum Co LLC bought a new stake in shares of Motorcar Parts of America during the first quarter worth approximately $982,000. Goldman Sachs Group Inc. boosted its holdings in shares of Motorcar Parts of America by 294.3% during the first quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company’s stock worth $1,002,000 after acquiring an additional 78,695 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Motorcar Parts of America by 156.0% in the first quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company’s stock valued at $852,000 after purchasing an additional 54,681 shares during the last quarter. 83.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPAA has been the subject of several research reports. Zacks Research cut Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Motorcar Parts of America in a research report on Monday, December 1st. Finally, Wall Street Zen raised shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Motorcar Parts of America has an average rating of “Reduce” and an average price target of $14.00.

Motorcar Parts of America Trading Down 1.8%

Shares of MPAA stock opened at $12.74 on Monday. Motorcar Parts of America, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $18.12. The stock’s fifty day moving average price is $15.00 and its two-hundred day moving average price is $13.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.46 and a current ratio of 1.46. The company has a market cap of $249.19 million, a PE ratio of 115.82 and a beta of 1.26.

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.