Marshall Wace LLP Makes New Investment in VOXX International Co. (NASDAQ:VOXX)

Marshall Wace LLP acquired a new position in VOXX International Co. (NASDAQ:VOXX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,151 shares of the auto parts company’s stock, valued at approximately $67,000. Marshall Wace LLP owned approximately 0.09% of VOXX International at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Acuitas Investments LLC acquired a new position in shares of VOXX International during the 2nd quarter worth approximately $855,000. Renaissance Technologies LLC raised its stake in shares of VOXX International by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock worth $1,333,000 after buying an additional 25,000 shares during the period. Acadian Asset Management LLC acquired a new position in shares of VOXX International during the 2nd quarter worth approximately $44,000. Empowered Funds LLC raised its stake in shares of VOXX International by 8.0% during the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after buying an additional 4,900 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of 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 period. Hedge funds and other institutional investors own 71.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

VOXX International Stock Up 15.6 %

NASDAQ VOXX opened at $7.13 on Monday. The business has a fifty day moving average price of $4.92 and a 200 day moving average price of $4.73. VOXX International Co. has a one year low of $2.27 and a one year high of $11.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 2.43. The company has a market cap of $160.28 million, a P/E ratio of -6.42 and a beta of 1.25.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings data on Thursday, October 10th. The auto parts company reported $0.10 EPS for the quarter. VOXX International had a negative return on equity of 9.73% and a negative net margin of 6.06%. The firm had revenue of $92.49 million during the quarter.

Insider Buying and Selling at VOXX International

In other VOXX International 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other VOXX International 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Gentex purchased 3,152,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the acquisition, the insider now owns 6,463,808 shares in the company, valued at approximately $32,319,040. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 49.81% of the stock is owned by company insiders.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.