Acadian Asset Management LLC Buys Shares of 14,029 VOXX International Co. (NASDAQ:VOXX)

Acadian Asset Management LLC purchased a new position in shares of VOXX International Co. (NASDAQ:VOXX) during the second quarter, Holdings Channel.com reports. The fund purchased 14,029 shares of the auto parts company’s stock, valued at approximately $44,000.

Several other hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in VOXX International by 72.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after buying an additional 2,353 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of VOXX International by 8.0% during the first quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock valued at $540,000 after acquiring an additional 4,900 shares during the period. Finally, Acuitas Investments LLC bought a new position in shares of VOXX International during the second quarter worth about $855,000. Institutional investors own 71.00% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Corp Gentex bought 3,152,500 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the purchase, the insider now owns 6,463,808 shares in the company, valued at $32,319,040. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Beat Kahli sold 20,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $5.00, for a total value of $100,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corp Gentex bought 3,152,500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $15,762,500.00. Following the completion of the acquisition, the insider now owns 6,463,808 shares of the company’s stock, valued at $32,319,040. The disclosure for this purchase can be found here. Corporate insiders own 49.81% of the company’s stock.

VOXX International Stock Performance

VOXX opened at $6.02 on Friday. VOXX International Co. has a twelve month low of $2.27 and a twelve month high of $11.74. The stock has a market cap of $135.70 million, a PE ratio of -3.58 and a beta of 1.25. The business’s 50 day moving average is $3.82 and its 200-day moving average is $4.94. The company has a current ratio of 2.43, a quick ratio of 1.11 and a debt-to-equity ratio of 0.28.

VOXX International (NASDAQ:VOXX) last announced its earnings results on Wednesday, July 10th. The auto parts company reported ($0.40) earnings per share for the quarter. VOXX International had a negative net margin of 8.78% and a negative return on equity of 14.59%. The business had revenue of $91.66 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of VOXX International from a “hold” rating to a “sell” rating in a research report on Thursday, September 12th.

VOXX International Profile

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.