AMH Equity Ltd Makes New $368,000 Investment in CarParts.com, Inc. (NASDAQ:PRTS)

AMH Equity Ltd purchased a new stake in CarParts.com, Inc. (NASDAQ:PRTS) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 341,200 shares of the specialty retailer’s stock, valued at approximately $368,000. AMH Equity Ltd owned about 0.59% of CarParts.com at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PRTS. Thompson Davis & CO. Inc. acquired a new position in CarParts.com in the fourth quarter worth $27,000. XTX Topco Ltd boosted its holdings in shares of CarParts.com by 14.9% in the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 10,230 shares during the period. Williams & Novak LLC grew its position in shares of CarParts.com by 19.2% during the 4th quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 24,400 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of CarParts.com by 40.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock valued at $250,000 after buying an additional 78,866 shares during the last quarter. Finally, FMR LLC raised its stake in CarParts.com by 26.6% during the third quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock worth $386,000 after acquiring an additional 89,645 shares during the period. 75.30% of the stock is owned by institutional investors and hedge funds.

CarParts.com Stock Performance

PRTS opened at $0.98 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $1.11 and its 200-day moving average is $0.96. The stock has a market cap of $56.48 million, a PE ratio of -1.82 and a beta of 2.02. CarParts.com, Inc. has a twelve month low of $0.68 and a twelve month high of $2.68.

Analyst Ratings Changes

A number of brokerages have commented on PRTS. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reduced their price objective on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a research report on Wednesday, October 30th.

About CarParts.com

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.