Motorcar Parts of America, Inc. $MPAA Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. decreased its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 3.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 615,852 shares of the auto parts company’s stock after selling 18,797 shares during the quarter. Motorcar Parts of America accounts for about 3.1% of Azarias Capital Management L.P.’s holdings, making the stock its 10th biggest holding. Azarias Capital Management L.P.’s holdings in Motorcar Parts of America were worth $6,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Pure Financial Advisors LLC acquired a new position in shares of Motorcar Parts of America during the second quarter valued at $5,781,000. Goldman Sachs Group Inc. boosted its position 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 buying an additional 78,695 shares during the period. Acadian Asset Management LLC boosted its position in shares of Motorcar Parts of America by 64.6% during the first quarter. Acadian Asset Management LLC now owns 36,326 shares of the auto parts company’s stock worth $343,000 after buying an additional 14,251 shares during the period. Jane Street Group LLC boosted its position in shares of Motorcar Parts of America by 156.0% during the first quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company’s stock worth $852,000 after buying an additional 54,681 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Motorcar Parts of America during the 1st quarter worth $234,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America Trading Up 2.8%

Shares of NASDAQ:MPAA opened at $16.43 on Friday. The firm has a market cap of $317.92 million, a P/E ratio of 234.75 and a beta of 1.43. The company has a current ratio of 1.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.16. Motorcar Parts of America, Inc. has a twelve month low of $5.16 and a twelve month high of $17.72. The company has a 50 day moving average of $14.42 and a 200-day moving average of $11.77.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorcar Parts of America in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Motorcar Parts of America has an average rating of “Moderate Buy” and an average price target of $14.00.

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.