U.S. Auto Parts Network (NASDAQ:PRTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “US AUTO PARTS NETWORK, INC., is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories. Through the Company’s network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years. “
Separately, ValuEngine downgraded U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a report on Thursday, March 1st.
U.S. Auto Parts Network (NASDAQ:PRTS) last released its earnings results on Thursday, March 8th. The specialty retailer reported $0.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. U.S. Auto Parts Network had a return on equity of 7.95% and a net margin of 7.92%. The business had revenue of $68.52 million for the quarter, compared to the consensus estimate of $71.59 million. sell-side analysts anticipate that U.S. Auto Parts Network will post 0.07 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in U.S. Auto Parts Network in the third quarter worth $116,000. Northern Trust Corp boosted its holdings in U.S. Auto Parts Network by 47.4% in the second quarter. Northern Trust Corp now owns 44,015 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 14,163 shares in the last quarter. Millennium Management LLC boosted its holdings in U.S. Auto Parts Network by 70.7% in the fourth quarter. Millennium Management LLC now owns 81,298 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 33,667 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of U.S. Auto Parts Network during the third quarter valued at $319,000. Finally, AlpInvest Partners B.V. bought a new position in shares of U.S. Auto Parts Network during the third quarter valued at $1,166,000. 60.11% of the stock is currently owned by institutional investors and hedge funds.
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About U.S. Auto Parts Network
U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.
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