Donald Smith & CO. Inc. Decreases Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Donald Smith & CO. Inc. lessened its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,020,408 shares of the auto parts company’s stock after selling 20,137 shares during the quarter. Donald Smith & CO. Inc. owned approximately 5.14% of Motorcar Parts of America worth $7,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC acquired a new position in Motorcar Parts of America in the third quarter valued at $79,000. Bailard Inc. bought a new position in Motorcar Parts of America during the 4th quarter worth approximately $201,000. Atlas Legacy Advisors LLC bought a new position in Motorcar Parts of America during the fourth quarter worth $580,000. Captrust Financial Advisors raised its stake in Motorcar Parts of America by 3.1% during the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after acquiring an additional 3,005 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Motorcar Parts of America by 14.9% in the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock worth $838,000 after purchasing an additional 14,310 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Motorcar Parts of America Price Performance

NASDAQ MPAA opened at $9.46 on Thursday. Motorcar Parts of America, Inc. has a twelve month low of $4.36 and a twelve month high of $12.50. The stock has a 50-day simple moving average of $9.17 and a 200 day simple moving average of $7.65. The stock has a market capitalization of $185.26 million, a PE ratio of -9.56 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPAA shares. Cantor Fitzgerald began coverage on shares of Motorcar Parts of America in a research report on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price for the company. StockNews.com upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 21st.

Motorcar Parts of America 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.