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

Atlas Legacy Advisors LLC purchased a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,320 shares of the auto parts company’s stock, valued at approximately $580,000. Atlas Legacy Advisors LLC owned about 0.38% of Motorcar Parts of America at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC bought a new position in Motorcar Parts of America during the 3rd quarter worth $79,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the third quarter worth $281,000. Oppenheimer Asset Management Inc. raised its stake in Motorcar Parts of America by 20.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock worth $312,000 after buying an additional 7,198 shares during the last quarter. Equitable Trust Co. lifted its holdings in Motorcar Parts of America by 9.3% in the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after buying an additional 5,780 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Motorcar Parts of America by 9.1% during the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Cantor Fitzgerald began coverage on 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 upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.

Motorcar Parts of America Trading Up 16.7 %

Motorcar Parts of America stock opened at $10.85 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $7.39 and its 200 day moving average is $6.72. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $11.50.

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.