GSA Capital Partners LLP Grows Position in CarParts.com, Inc. (NASDAQ:PRTS)

GSA Capital Partners LLP raised its position in CarParts.com, Inc. (NASDAQ:PRTS) by 236.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,233,829 shares of the specialty retailer’s stock after purchasing an additional 867,140 shares during the period. GSA Capital Partners LLP’s holdings in CarParts.com were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of PRTS. Acadian Asset Management LLC lifted its stake in CarParts.com by 46.4% during the first quarter. Acadian Asset Management LLC now owns 1,838,815 shares of the specialty retailer’s stock worth $2,978,000 after purchasing an additional 582,376 shares during the last quarter. Renaissance Technologies LLC raised its holdings in CarParts.com by 24.1% during the second quarter. Renaissance Technologies LLC now owns 1,198,500 shares of the specialty retailer’s stock worth $1,198,000 after purchasing an additional 232,500 shares in the last quarter. Williams & Novak LLC purchased a new stake in shares of CarParts.com during the 2nd quarter worth approximately $114,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CarParts.com in the 2nd quarter valued at $93,000. Finally, Assenagon Asset Management S.A. grew its position in shares of CarParts.com by 40.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock valued at $250,000 after buying an additional 78,866 shares during the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

CarParts.com Price Performance

Shares of NASDAQ PRTS opened at $0.94 on Friday. The stock has a fifty day moving average price of $0.86 and a 200 day moving average price of $0.98. CarParts.com, Inc. has a 1-year low of $0.68 and a 1-year high of $3.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The company has a market cap of $54.13 million, a PE ratio of -1.66 and a beta of 2.06.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The firm had revenue of $144.75 million during the quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PRTS. Royal Bank of Canada reduced their price target on shares of CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Lake Street Capital reduced their target price on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.