GSA Capital Partners LLP Increases Position in CarParts.com, Inc. (NASDAQ:PRTS)

GSA Capital Partners LLP grew its holdings in CarParts.com, Inc. (NASDAQ:PRTS) by 236.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,233,829 shares of the specialty retailer’s stock after purchasing an additional 867,140 shares during the quarter. GSA Capital Partners LLP owned about 2.15% of CarParts.com worth $1,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of CarParts.com by 46.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,838,815 shares of the specialty retailer’s stock valued at $2,978,000 after acquiring an additional 582,376 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in CarParts.com by 24.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,198,500 shares of the specialty retailer’s stock valued at $1,198,000 after purchasing an additional 232,500 shares during the last quarter. Williams & Novak LLC purchased a new stake in shares of CarParts.com in the 2nd quarter valued at approximately $114,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CarParts.com during the 2nd quarter worth approximately $93,000. Finally, Assenagon Asset Management S.A. raised 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 period. 75.30% of the stock is currently owned by institutional investors and hedge funds.

CarParts.com Stock Up 5.6 %

NASDAQ:PRTS opened at $0.94 on Friday. CarParts.com, Inc. has a 52 week low of $0.68 and a 52 week high of $3.65. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $0.86 and its two-hundred day moving average is $0.98. The stock has a market capitalization of $54.13 million, a price-to-earnings ratio of -1.66 and a beta of 2.06.

CarParts.com (NASDAQ:PRTS) last announced its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The firm had revenue of $144.75 million for the quarter. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%.

Wall Street Analysts Forecast Growth

PRTS has been the subject of several analyst reports. Royal Bank of Canada lowered 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. StockNews.com raised CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Lake Street Capital decreased their target price on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

CarParts.com Profile

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.