Motorcar Parts America Inc (NASDAQ:MPAA) Institutional Investor Positioning Change

April 16, 2018 - By Marie Mckinney

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Logo

Sentiment for Motorcar Parts America Inc (NASDAQ:MPAA)

Motorcar Parts America Inc (NASDAQ:MPAA) institutional sentiment increased to 1.6 in Q4 2017. Its up 0.33, from 1.27 in 2017Q3. The ratio has improved, as 69 hedge funds opened new and increased holdings, while 43 sold and trimmed positions in Motorcar Parts America Inc. The hedge funds in our partner’s database now have: 19.76 million shares, up from 18.94 million shares in 2017Q3. Also, the number of hedge funds holding Motorcar Parts America Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 11 Reduced: 32 Increased: 48 New Position: 21.

Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes automotive aftermarket parts. The company has market cap of $421.72 million. The firm offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications. It has a 25.38 P/E ratio. It sells its products to automotive retail chain stores and warehouse distributors; and the professional repair market, as well as various automobile manufacturers for their aftermarket programs and warranty replacement programs in North America.

The stock decreased 0.18% or $0.04 during the last trading session, reaching $22.11. About 120,375 shares traded. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has declined 28.42% since April 16, 2017 and is downtrending. It has underperformed by 39.97% the S&P500.

Analysts await Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report earnings on June, 13. They expect $0.68 EPS, up 25.93 % or $0.14 from last year’s $0.54 per share. MPAA’s profit will be $12.97 million for 8.13 P/E if the $0.68 EPS becomes a reality. After $0.34 actual EPS reported by Motorcar Parts of America, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Fine Capital Partners L.P. holds 4.43% of its portfolio in Motorcar Parts of America, Inc. for 1.41 million shares. Polaris Capital Management Llc owns 535,702 shares or 2.14% of their US portfolio. Moreover, Euclidean Technologies Management Llc has 1.53% invested in the company for 62,284 shares. The Illinois-based Perritt Capital Management Inc has invested 1.11% in the stock. Kirr Marbach & Co Llc In, a Indiana-based fund reported 192,833 shares.#img1#

Since January 1, 0001, it had 6 insider buys, and 0 sales for $171,459 activity.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Ratings Coverage

Ratings analysis reveals 100% of Motorcar Parts Of America’s analysts are positive. Out of 2 Wall Street analysts rating Motorcar Parts Of America, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $26.0 while the high is $39.0. The stock’s average target of $32.50 is 46.99% above today’s ($22.11) share price. MPAA was included in 3 notes of analysts from November 9, 2017. Roth Capital maintained the shares of MPAA in report on Monday, February 12 with “Buy” rating. FBR Capital maintained the stock with “Buy” rating in Friday, February 9 report.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Institutional Positions Chart

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