Acadian Asset Management LLC increased its stake in shares of U.S. Auto Parts Network Inc. (NASDAQ:PRTS) by 5,761.9% during the second quarter, Holdings Channel reports. The firm owned 53,636 shares of the company’s stock after buying an additional 52,721 shares during the period. Acadian Asset Management LLC’s holdings in U.S. Auto Parts Network were worth $212,000 at the end of the most recent quarter.
Separately, Renaissance Technologies LLC boosted its position in shares of U.S. Auto Parts Network by 6.2% in the first quarter. Renaissance Technologies LLC now owns 659,500 shares of the company’s stock valued at $1,688,000 after buying an additional 38,600 shares during the period. Institutional investors and hedge funds own 58.17% of the company’s stock.
U.S. Auto Parts Network Inc. (NASDAQ:PRTS) remained flat at $3.36 during trading on Friday. The stock had a trading volume of 73,583 shares. The stock’s 50-day moving average is $3.68 and its 200-day moving average is $3.55. U.S. Auto Parts Network Inc. has a 12-month low of $1.87 and a 12-month high of $4.49. The company has a market cap of $117.22 million, a PE ratio of 84.00 and a beta of 1.26.
U.S. Auto Parts Network (NASDAQ:PRTS) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $79.30 million. U.S. Auto Parts Network had a return on equity of 7.50% and a net margin of 0.58%. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that U.S. Auto Parts Network Inc. will post $0.07 EPS for the current fiscal year.
Separately, Zacks Investment Research raised U.S. Auto Parts Network from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a report on Friday, August 12th.
U.S. Auto Parts Network Company Profile
U.S. Auto Parts Network, Inc is an online source for automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. Its Websites provide a range of stock keeping units (SKUs) with detailed product descriptions and photographs.
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