Renaissance Technologies LLC trimmed its holdings in shares of CarParts.com, Inc. (NASDAQ:PRTS - Free Report) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,050,900 shares of the specialty retailer's stock after selling 540,400 shares during the quarter. Renaissance Technologies LLC owned 1.83% of CarParts.com worth $1,135,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PRTS. Thompson Davis & CO. Inc. acquired a new position in shares of CarParts.com during the fourth quarter worth $27,000. Raymond James Financial Inc. acquired a new position in CarParts.com during the 4th quarter worth about $39,000. Williams & Novak LLC lifted its stake in shares of CarParts.com by 19.2% in the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer's stock worth $164,000 after acquiring an additional 24,400 shares during the period. AMH Equity Ltd bought a new stake in CarParts.com in the fourth quarter valued at approximately $368,000. Finally, Assenagon Asset Management S.A. increased its position in CarParts.com by 145.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer's stock valued at $729,000 after purchasing an additional 399,901 shares during the period. 75.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PRTS. StockNews.com upgraded shares of CarParts.com from a "sell" rating to a "hold" rating in a research report on Tuesday, April 1st. Craig Hallum upgraded CarParts.com from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a research report on Thursday, March 6th.
Check Out Our Latest Stock Report on PRTS
CarParts.com Stock Down 2.0 %
Shares of NASDAQ:PRTS traded down $0.02 during trading on Monday, reaching $0.85. 27,248 shares of the stock were exchanged, compared to its average volume of 596,123. CarParts.com, Inc. has a 1-year low of $0.68 and a 1-year high of $1.45. The stock has a fifty day moving average of $0.95 and a two-hundred day moving average of $1.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The firm has a market cap of $49.78 million, a price-to-earnings ratio of -1.58 and a beta of 1.52.
CarParts.com (NASDAQ:PRTS - Get Free Report) last posted its earnings results on Tuesday, March 25th. The specialty retailer reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08). The business had revenue of $588.85 million for the quarter, compared to the consensus estimate of $141.22 million. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.
About CarParts.com
(
Free Report)
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.
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