Donald Smith & CO. Inc. Has $7.76 Million Stock Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Donald Smith & CO. Inc. decreased its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,020,408 shares of the auto parts company’s stock after selling 20,137 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.05% of Motorcar Parts of America worth $7,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors raised its position in Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares during the last quarter. Barclays PLC acquired a new position in shares of Motorcar Parts of America during the 3rd quarter valued at $79,000. Geode Capital Management LLC boosted its position in shares of Motorcar Parts of America by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after purchasing an additional 27,961 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new stake in Motorcar Parts of America in the fourth quarter valued at approximately $580,000. Finally, Bailard Inc. bought a new position in shares of Motorcar Parts of America in the fourth quarter valued at $201,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MPAA shares. StockNews.com upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. Cantor Fitzgerald began coverage on Motorcar Parts of America in a research report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target on the stock.

Motorcar Parts of America Price Performance

Shares of NASDAQ:MPAA opened at $9.46 on Thursday. The firm has a market capitalization of $185.26 million, a price-to-earnings ratio of -9.56 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $12.50. The company’s fifty day moving average price is $9.17 and its 200-day moving average price is $7.65.

About Motorcar Parts of America

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.