This post was originally published on this site
Pzena Investment Management’s holding in Motorcar Parts of America, Inc. increased to about 1.9 million shares with the purchase.
Pzena Investment Management first bought Motorcar Parts of America, Inc. stock in the fourth quarter of 2018. Pzena Investment Management also owns Lear Corp (NYSE:LEA) and Dana Holding Corp (NYSE:DAN). Motorcar Parts of America, Inc. is its number three position by number of shares and market value among automobile parts stocks.
Other investors who also added to their Motorcar Parts of America, Inc. shares include Barrow, Hanley, Mewhinney & Strauss. Contrary to Pzena Investment Management, Hotchkis & Wiley Capital Management, the T. Rowe Price Equity Income Fund, and Victory Capital Management reduced MPAA shares.
Pzena Investment Management also reduced their share in Avis Budget Group Inc (NASDAQ:CAR). The total value of the shares sold is estimated at around $34 million.
In addition, Pzena Investment Management increased their share in Avnet Inc (NASDAQ:AVT) and PVH Corp (NYSE:PVH). The total value of the shares bought is estimated at around $106 million.
