Intellectus Partners LLC Lowers Stock Holdings in CarParts.com, Inc. (NASDAQ:PRTS)

Intellectus Partners LLC reduced its holdings in CarParts.com, Inc. (NASDAQ:PRTS) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,156 shares of the specialty retailer’s stock after selling 18,050 shares during the quarter. Intellectus Partners LLC’s holdings in CarParts.com were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of CarParts.com by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,134,543 shares of the specialty retailer’s stock valued at $17,034,000 after buying an additional 214,238 shares during the period. Whittier Trust Co. purchased a new stake in CarParts.com during the fourth quarter valued at about $95,000. Barclays PLC increased its stake in CarParts.com by 103.9% during the third quarter. Barclays PLC now owns 86,446 shares of the specialty retailer’s stock worth $356,000 after acquiring an additional 44,056 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of CarParts.com by 175.7% in the 3rd quarter. Acadian Asset Management LLC now owns 1,036,933 shares of the specialty retailer’s stock worth $4,271,000 after purchasing an additional 660,867 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of CarParts.com by 488.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 131,430 shares of the specialty retailer’s stock valued at $415,000 after purchasing an additional 109,107 shares in the last quarter. 75.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CarParts.com from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

CarParts.com Stock Up 3.3 %

Shares of NASDAQ PRTS opened at $1.25 on Tuesday. The stock has a fifty day moving average price of $1.80 and a 200 day moving average price of $2.65. The company has a market cap of $70.81 million, a P/E ratio of -8.93 and a beta of 1.99. CarParts.com, Inc. has a 12-month low of $1.21 and a 12-month high of $5.16. The company has a current ratio of 1.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.11.

CarParts.com (NASDAQ:PRTS) last announced its earnings results on Thursday, March 7th. The specialty retailer reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $156.40 million for the quarter, compared to analysts’ expectations of $150.60 million. CarParts.com had a negative net margin of 1.22% and a negative return on equity of 7.06%. During the same quarter in the previous year, the business posted ($0.11) earnings per share.

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.