US Auto Parts Network, Inc. (PRTS) Stake Boosted by Thomson Horstmann & Bryant Inc.

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Thomson Horstmann & Bryant Inc. boosted its stake in U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) by 45.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,257,035 shares of the specialty retailer’s stock after buying an additional 391,345 shares during the period. Thomson Horstmann & Bryant Inc. owned 3.64% of U.S. Auto Parts Network worth $4,060,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of U.S. Auto Parts Network by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 585,805 shares of the specialty retailer’s stock worth $2,062,000 after buying an additional 13,658 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of U.S. Auto Parts Network by 2.6% in the first quarter. Acadian Asset Management LLC now owns 481,967 shares of the specialty retailer’s stock worth $1,616,000 after buying an additional 12,231 shares in the last quarter. TFS Capital LLC increased its position in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares in the last quarter. Blair William & Co. IL increased its position in shares of U.S. Auto Parts Network by 5.3% in the first quarter. Blair William & Co. IL now owns 127,313 shares of the specialty retailer’s stock worth $426,000 after buying an additional 6,413 shares in the last quarter. Finally, Globeflex Capital L P increased its position in shares of U.S. Auto Parts Network by 17,850.9% in the first quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer’s stock worth $137,000 after buying an additional 40,700 shares in the last quarter. Institutional investors own 69.01% of the company’s stock.

Shares of U.S. Auto Parts Network, Inc. (NASDAQ PRTS) opened at 2.65 on Friday. U.S. Auto Parts Network, Inc. has a 52-week low of $2.40 and a 52-week high of $4.35. The firm’s market capitalization is $91.45 million. The company has a 50 day moving average of $2.94 and a 200 day moving average of $3.25.

U.S. Auto Parts Network (NASDAQ:PRTS) last announced its earnings results on Thursday, August 10th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. U.S. Auto Parts Network had a return on equity of 6.64% and a net margin of 8.41%. The business had revenue of $80.21 million for the quarter, compared to analyst estimates of $79.23 million. During the same quarter last year, the firm earned $0.03 EPS. U.S. Auto Parts Network’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that U.S. Auto Parts Network, Inc. will post $0.09 earnings per share for the current fiscal year.

U.S. Auto Parts Network announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 17th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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Several research firms have weighed in on PRTS. Roth Capital set a $5.00 target price on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a report on Tuesday, June 27th. ValuEngine downgraded shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a report on Saturday.

U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc is an online provider of 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. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

Institutional Ownership by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

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