Assenagon Asset Management S.A. Grows Holdings in CarParts.com, Inc. (NASDAQ:PRTS)

Assenagon Asset Management S.A. raised its position in CarParts.com, Inc. (NASDAQ:PRTS) by 145.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 675,371 shares of the specialty retailer’s stock after purchasing an additional 399,901 shares during the period. Assenagon Asset Management S.A.’s holdings in CarParts.com were worth $729,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. XTX Topco Ltd grew its stake in CarParts.com by 41.2% during the 2nd quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 20,037 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of CarParts.com during the 2nd quarter valued at approximately $93,000. Williams & Novak LLC grew its position in shares of CarParts.com by 11.1% during the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock worth $115,000 after buying an additional 12,650 shares in the last quarter. FMR LLC increased its stake in shares of CarParts.com by 26.6% in the third quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock worth $386,000 after buying an additional 89,645 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in CarParts.com by 24.1% in the second quarter. Renaissance Technologies LLC now owns 1,198,500 shares of the specialty retailer’s stock valued at $1,198,000 after acquiring an additional 232,500 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lowered their price objective on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a report on Wednesday, October 30th.

CarParts.com Stock Down 4.3 %

Shares of NASDAQ:PRTS opened at $1.33 on Friday. The company’s fifty day moving average is $1.06 and its two-hundred day moving average is $0.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. CarParts.com, Inc. has a 1-year low of $0.68 and a 1-year high of $2.97. The stock has a market capitalization of $76.34 million, a price-to-earnings ratio of -2.46 and a beta of 2.00.

CarParts.com (NASDAQ:PRTS) last released its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share 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 business had revenue of $144.75 million for the quarter.

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.