Motorcar Parts America Inc (NASDAQ:MPAA) Institutional Investors Sentiment Falls in 2018 Q1

June 12, 2018 - By Adrian Mccoy

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

Sentiment for Motorcar Parts America Inc (NASDAQ:MPAA)

Motorcar Parts America Inc (NASDAQ:MPAA) institutional sentiment decreased to 1.13 in Q1 2018. Its down -0.47, from 1.6 in 2017Q4. The ratio turned negative, as 59 hedge funds opened new or increased equity positions, while 52 trimmed and sold equity positions in Motorcar Parts America Inc. The hedge funds in our partner’s database now have: 19.22 million shares, down from 19.76 million shares in 2017Q4. Also, the number of hedge funds holding Motorcar Parts America Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 25 Reduced: 27 Increased: 43 New Position: 16.

Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes automotive aftermarket parts. The company has market cap of $420.58 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 25.32 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 increased 0.50% or $0.11 during the last trading session, reaching $22.05. About 86,033 shares traded. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has declined 28.45% since June 12, 2017 and is downtrending. It has underperformed by 41.02% 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 $12.97M for 8.11 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 3.53% of its portfolio in Motorcar Parts of America, Inc. for 1.39 million shares. Cooper Creek Partners Management Llc owns 224,228 shares or 2.72% of their US portfolio. Moreover, Euclidean Technologies Management Llc has 1.57% invested in the company for 74,364 shares. The Indiana-based Kirr Marbach & Co Llc In has invested 1.22% in the stock. Perritt Capital Management Inc, a Illinois-based fund reported 159,225 shares.

Since January 1, 0001, it had 6 insider purchases, and 0 insider 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 47.39% above today’s ($22.05) share price. MPAA was included in 2 notes of analysts from February 9, 2018. The firm has “Buy” rating by Roth Capital given on Monday, February 12. On Friday, February 9 the stock rating was maintained by FBR Capital with “Buy”.

More news for Motorcar Parts of America, Inc. (NASDAQ:MPAA) were recently published by: Globenewswire.com, which released: “Motorcar Parts of America Announces Increased Credit Facility” on June 07, 2018. Globenewswire.com‘s article titled: “Analysis: Positioning to Benefit within Anavex Life Sciences, Varonis, Motorcar Parts of America, Minerals …” and published on May 22, 2018 is yet another important article.

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

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