76,320 Shares in Motorcar Parts of America, Inc. (NASDAQ:MPAA) Purchased by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC purchased a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the fourth quarter, Holdings Channel.com reports. The firm purchased 76,320 shares of the auto parts company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MPAA. Barclays PLC bought a new stake in Motorcar Parts of America during the third quarter worth $79,000. Sequoia Financial Advisors LLC purchased a new position in Motorcar Parts of America during the 3rd quarter worth $281,000. Oppenheimer Asset Management Inc. grew its stake in shares of 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 worth $312,000 after acquiring an additional 7,198 shares in the last quarter. Equitable Trust Co. grew its stake in shares of Motorcar Parts of America by 9.3% in the 3rd quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock worth $502,000 after acquiring an additional 5,780 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after purchasing an additional 8,000 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MPAA. Cantor Fitzgerald initiated coverage on shares of Motorcar Parts of America in a research report on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective for the company. StockNews.com raised Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.

Motorcar Parts of America Stock Up 16.7 %

NASDAQ MPAA opened at $10.85 on Wednesday. The business’s fifty day moving average is $7.39 and its 200-day moving average is $6.72. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $11.50.

About Motorcar Parts of America

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.