Learn Why Ameriprise Financial Inc Purchased Motorcar Parts America Inc Stake?

February 15, 2018 - By Adrian Mccoy

 Learn Why Ameriprise Financial Inc Purchased Motorcar Parts America Inc Stake?

Investors sentiment decreased to 1.27 in Q3 2017. Its down 0.39, from 1.66 in 2017Q2. It worsened, as 8 investors sold Motorcar Parts of America, Inc. shares while 37 reduced holdings. 20 funds opened positions while 37 raised stakes. 18.94 million shares or 1.74% more from 18.61 million shares in 2017Q2 were reported.

Northern Corporation stated it has 261,956 shares. Teachers Insur & Annuity Association Of America holds 37,490 shares or 0.03% of its portfolio. Segall Bryant & Hamill Llc owns 0.07% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 107,360 shares. Wells Fargo & Mn owns 248,534 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,357 shares stake. Oppenheimer Asset Mgmt holds 58 shares. Foundry Partners Ltd Co holds 0.23% of its portfolio in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 195,550 shares. Arizona State Retirement Systems holds 0% or 9,700 shares. Moreover, Alliancebernstein Ltd Partnership has 0% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 18,700 shares. Waddell & Reed Finance reported 221,300 shares. Bancshares Of America Corp De holds 67,505 shares. River Road Asset Mngmt Ltd Co holds 0.52% or 903,237 shares in its portfolio. State Of New Jersey Common Pension Fund D has invested 0.02% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Ubs Asset Mngmt Americas invested in 0% or 41 shares. Comerica Comml Bank stated it has 61,575 shares or 0.01% of all its holdings.

The New Ameriprise Financial Inc Holding in Motorcar Parts America Inc

Ameriprise Financial Inc reported SC 13G/A form with the SEC for Motorcar Parts America Inc. Access it here: 000119312518045417. As reported by Ameriprise Financial Inc, the filler owns 5.49% or 1,047,421 shares of the Consumer Discretionary–company.

Motorcar Parts America Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Motorcar Parts America Inc.

Motorcar Parts America Inc Institutional Sentiment

Filings show 115 investors own Motorcar Parts America Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 48930. 17604003 were owned by these investors. 14 funds opened new Motorcar Parts America Inc stakes, 40 increased positions. There were 13 that closed positions and 37 reduced them.

5 investors had the stock in their top 10. Some are: Fine Capital Partners L.P…

Aym Capital Llc is an investor bullish on Motorcar Parts America Inc, owning 37000 shares as of Q3 2015 for 4.42% of its portfolio. Neumeier Poma Investment Counsel Llc owns 644125 shares or 3.82% of its portfolio. IL Perritt Capital Management Inc have 1.46% of its portfolio for 222511 shares. Further, Venator Capital Management Ltd reported stake worth 12.22% of its portfolio. The MN Summit Creek Advisors Llc owns 627505 shares. Motorcar Parts America Inc is 3.19% of its portfolio.

Business Profile

Motorcar Parts of America, Inc. is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). It recycles materials, including metal from the used cores and corrugated packaging. The Company carries over 13,000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ recognized private label brand names and its Quality-Built, Pure Energy, Xtreme, Reliance and other brand names. It sells its products to automotive retail outlets and the professional repair market throughout the United States and Canada.

SEC Form 13G.

The stock decreased 2.48% or $0.61 during the last trading session, reaching $23.98. About 114,182 shares traded. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has risen 7.21% since February 15, 2017 and is uptrending. It has underperformed by 9.49% the S&P500.

Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes automotive aftermarket parts. The company has market cap of $457.39 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 27.53 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.

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

Among 7 analysts covering Motorcar Parts of America (NASDAQ:MPAA), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Motorcar Parts of America has $44 highest and $26.0 lowest target. $39.29’s average target is 63.84% above currents $23.98 stock price. Motorcar Parts of America had 16 analyst reports since August 11, 2015 according to SRatingsIntel. On Wednesday, September 9 the stock rating was initiated by Sidoti with “Buy”. The stock has “Buy” rating by FBR Capital on Friday, February 9. As per Tuesday, November 10, the company rating was maintained by TH Capital. Roth Capital maintained the shares of MPAA in report on Friday, August 18 with “Buy” rating. Roth Capital maintained the shares of MPAA in report on Tuesday, August 8 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 11 by B. Riley & Co. The firm earned “Buy” rating on Tuesday, November 10 by Roth Capital. B. Riley & Co upgraded the stock to “Buy” rating in Thursday, November 10 report. TH Capital maintained the stock with “Buy” rating in Tuesday, August 11 report. On Wednesday, August 10 the stock rating was downgraded by B. Riley & Co to “Neutral”.

More important recent Motorcar Parts of America, Inc. (NASDAQ:MPAA) news were published by: Seekingalpha.com which released: “Motorcar Parts Of America Q3 Analysis: Can You Trust Management?” on February 14, 2018, also Globenewswire.com published article titled: “Motorcar Parts of America Reports Fiscal 2018 Third Quarter Results”, Seekingalpha.com published: “Post-earnings slide for Motorcar Parts of America” on February 09, 2018. More interesting news about Motorcar Parts of America, Inc. (NASDAQ:MPAA) was released by: Globenewswire.com and their article: “Motorcar Parts of America to Report Fiscal 2018 Third Quarter Results; Host …” with publication date: February 02, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.