Ashford Capital Management Inc. Cuts Position in Motorcar Parts of America, Inc. (MPAA)

Ashford Capital Management Inc. lessened its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 25.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,800 shares of the auto parts company’s stock after selling 103,400 shares during the quarter. Motorcar Parts of America comprises approximately 1.4% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 28th largest holding. Ashford Capital Management Inc. owned 1.56% of Motorcar Parts of America worth $8,773,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Bank of Montreal Can increased its holdings in Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after buying an additional 68 shares during the period. Texas Permanent School Fund boosted its position in Motorcar Parts of America by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 13,649 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 114 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Motorcar Parts of America by 0.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,740 shares of the auto parts company’s stock worth $530,000 after purchasing an additional 140 shares in the last quarter. Aperio Group LLC boosted its position in Motorcar Parts of America by 2.6% in the 2nd quarter. Aperio Group LLC now owns 9,908 shares of the auto parts company’s stock worth $280,000 after purchasing an additional 253 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Motorcar Parts of America by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,279 shares of the auto parts company’s stock worth $432,000 after purchasing an additional 367 shares in the last quarter.

Several research firms have commented on MPAA. TheStreet upgraded Motorcar Parts of America from a “c” rating to a “b-” rating in a research report on Monday, October 9th. Zacks Investment Research lowered Motorcar Parts of America from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, October 11th. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, B. Riley restated a “buy” rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $35.50.

Shares of Motorcar Parts of America, Inc. (NASDAQ MPAA) opened at $24.12 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. Motorcar Parts of America, Inc. has a 52-week low of $23.92 and a 52-week high of $31.57. The company has a market capitalization of $463.01, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 0.51 and a beta of 0.93.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The company had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. During the same quarter in the prior year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. sell-side analysts forecast that Motorcar Parts of America, Inc. will post 2.09 earnings per share for the current year.

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Motorcar Parts of America Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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