Victory Capital Management Inc. Buys 14,310 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Victory Capital Management Inc. lifted its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,310 shares of the auto parts company’s stock after purchasing an additional 14,310 shares during the period. Victory Capital Management Inc.’s holdings in Motorcar Parts of America were worth $838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPAA. Atlas Legacy Advisors LLC bought a new stake in shares of Motorcar Parts of America during the 4th quarter worth approximately $580,000. Geode Capital Management LLC raised its stake in shares of Motorcar Parts of America by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after purchasing an additional 27,961 shares in the last quarter. Bailard Inc. bought a new stake in shares of Motorcar Parts of America during the 4th quarter worth approximately $201,000. Barclays PLC bought a new stake in Motorcar Parts of America in the 3rd quarter valued at $79,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 7,198 shares during the period. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Stock Down 1.6 %

MPAA opened at $10.39 on Friday. Motorcar Parts of America, Inc. has a 1-year low of $4.36 and a 1-year high of $11.89. The stock’s fifty day simple moving average is $8.64 and its 200 day simple moving average is $7.40. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The stock has a market cap of $203.48 million, a PE ratio of -10.49 and a beta of 1.35.

Analysts Set New Price Targets

A number of research firms recently weighed in on MPAA. StockNews.com upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Friday. Cantor Fitzgerald began coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 price target on the stock.

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.