Elberon Lowers stake in U.S. Auto Parts Network (PRTS)

U.S. Auto Parts Network (PRTS) : Elberon reduced its stake in U.S. Auto Parts Network by 35.48% during the most recent quarter end. The investment management company now holds a total of 20,000 shares of U.S. Auto Parts Network which is valued at $80,000 after selling 11,000 shares in U.S. Auto Parts Network , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.U.S. Auto Parts Network makes up approximately 0.13% of Elberon’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in PRTS in the latest quarter, The investment management firm added 196,904 additional shares and now holds a total of 856,404 shares of U.S. Auto Parts Network which is valued at $3,425,616. U.S. Auto Parts Network makes up approx 0.01% of Renaissance Technologies’s portfolio.William Blair Investment Management reduced its stake in PRTS by selling 634,079 shares or 21.53% in the most recent quarter. The Hedge Fund company now holds 2,311,233 shares of PRTS which is valued at $9,152,483. U.S. Auto Parts Network makes up approx 0.03% of William Blair Investment Management’s portfolio.Perkins Capital Management Inc reduced its stake in PRTS by selling 55,350 shares or 21.05% in the most recent quarter. The Hedge Fund company now holds 207,600 shares of PRTS which is valued at $873,996. U.S. Auto Parts Network makes up approx 0.96% of Perkins Capital Management Inc’s portfolio.

U.S. Auto Parts Network closed down -0.07 points or -1.87% at $3.67 with 91,018 shares getting traded on Thursday. Post opening the session at $3.75, the shares hit an intraday low of $3.64 and an intraday high of $3.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, U.S. Auto Parts Network reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.01. The company had revenue of $78.10 million for the quarter, compared to analysts expectations of $78.76 million. The company’s revenue was up 2.1% compared to the same quarter last year.

U.S. Auto Parts Network Inc. (U.S. Auto Parts) is an online source for automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts including body parts hard parts and performance parts and accessories. Its Websites provide a range of stock keeping units (SKUs) with detailed product descriptions and photographs. The Company operates through two segments: Base USAP which is the core auto parts business and AutoMD an online automotive repair source. The Company offers a range of aftermarket auto parts. The Company classifies its products into three categories: body parts serving the collision repair segment hard parts to serve the replacement/wear parts market and performance parts and accessories. The Company sells its products through its network of Websites and online marketplaces including www.autopartswarehouse.com www.carparts.com www.jcwhitney.com and www.AutoMD.com. The Company has approximately 2100 repair shops.

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