Squarepoint Ops LLC Makes New Investment in VOXX International Co. (NASDAQ:VOXX)

Squarepoint Ops LLC bought a new position in shares of VOXX International Co. (NASDAQ:VOXX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,275 shares of the auto parts company’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VOXX. Acuitas Investments LLC bought a new stake in shares of VOXX International during the second quarter valued at approximately $855,000. Renaissance Technologies LLC raised its position in shares of VOXX International by 6.3% during the second quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock valued at $1,333,000 after buying an additional 25,000 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of VOXX International during the second quarter valued at approximately $67,000. Acadian Asset Management LLC bought a new stake in shares of VOXX International during the second quarter valued at approximately $44,000. Finally, Empowered Funds LLC raised its position 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 buying an additional 4,900 shares during the last quarter. Institutional investors own 71.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at VOXX International

In other VOXX International news, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other VOXX International news, Director Beat Kahli sold 20,000 shares of VOXX International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Gentex acquired 3,152,500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the purchase, the insider now directly owns 6,463,808 shares of the company’s stock, valued at $32,319,040. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 49.81% of the stock is currently owned by insiders.

VOXX International Trading Up 15.6 %

VOXX stock opened at $7.13 on Monday. The firm 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 fifty-two week low of $2.27 and a fifty-two week 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 firm has a market cap of $160.28 million, a PE ratio of -6.42 and a beta of 1.25.

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

VOXX International Company Profile

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.