Motorcar Parts of America, Inc. $MPAA Holdings Trimmed by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 6.3% during the second quarter, Holdings Channel.com reports. The fund owned 959,394 shares of the auto parts company’s stock after selling 64,664 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Motorcar Parts of America were worth $10,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Motorcar Parts of America during the 2nd quarter valued at about $45,000. Charles Schwab Investment Management Inc. acquired a new position in Motorcar Parts of America in the first quarter worth approximately $95,000. JPMorgan Chase & Co. increased its holdings in shares of Motorcar Parts of America by 7,127.3% in the second quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company’s stock valued at $98,000 after buying an additional 8,624 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Motorcar Parts of America during the 2nd quarter valued at $109,000. Finally, Jump Financial LLC bought a new stake in shares of Motorcar Parts of America during the 1st quarter worth $149,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MPAA shares. Zacks Research lowered Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Motorcar Parts of America in a research report on Monday, December 1st. Finally, Wall Street Zen upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Motorcar Parts of America has an average rating of “Reduce” and an average price target of $14.00.

Motorcar Parts of America Trading Down 1.8%

NASDAQ MPAA opened at $12.74 on Friday. The company has a market capitalization of $249.19 million, a PE ratio of 115.82 and a beta of 1.26. Motorcar Parts of America, Inc. has a 1-year low of $5.38 and a 1-year high of $18.12. The company has a current ratio of 1.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $15.00 and its 200-day simple moving average is $13.48.

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.