Point72 Asia Singapore Pte. Ltd. Invests $63,000 in VOXX International Co. (NASDAQ:VOXX)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of VOXX International Co. (NASDAQ:VOXX) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 20,033 shares of the auto parts company’s stock, valued at approximately $63,000. Point72 Asia Singapore Pte. Ltd. owned 0.09% of VOXX International as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of VOXX International by 72.7% in the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 2,353 shares during the period. Empowered Funds LLC boosted its position in VOXX International by 8.0% in the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock valued at $540,000 after buying an additional 4,900 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of VOXX International during the second quarter valued at about $44,000. Marshall Wace LLP purchased a new stake in shares of VOXX International during the second quarter worth about $67,000. Finally, Renaissance Technologies LLC lifted its stake in shares of VOXX International by 6.3% in the second quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock worth $1,333,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 71.00% of the company’s stock.

VOXX International Stock Up 7.6 %

Shares of NASDAQ:VOXX opened at $6.51 on Monday. The firm has a market cap of $146.34 million, a PE ratio of -3.87 and a beta of 1.25. The company has a fifty day simple moving average of $4.16 and a 200 day simple moving average of $4.86. 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 Co. has a 12-month low of $2.27 and a 12-month high of $11.74.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at VOXX International

In other news, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction that occurred 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 available at this hyperlink. In other VOXX International news, major shareholder Corp Gentex acquired 3,152,500 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Beat Kahli sold 20,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. 49.81% of the stock is owned by corporate insiders.

About VOXX International

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.