Royce & Associates LP increased its stake in VOXX International Corp (NASDAQ:VOXX) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,928,106 shares of the auto parts company’s stock after buying an additional 155,076 shares during the period. Royce & Associates LP owned 0.08% of VOXX International worth $10,026,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Alambic Investment Management L.P. increased its stake in VOXX International by 14.1% in the 2nd quarter. Alambic Investment Management L.P. now owns 213,629 shares of the auto parts company’s stock worth $1,154,000 after buying an additional 26,388 shares during the period. Raffles Associates LP purchased a new position in VOXX International in the 2nd quarter worth about $270,000. Putnam Investments LLC purchased a new position in VOXX International in the 2nd quarter worth about $727,000. Paloma Partners Management Co purchased a new position in VOXX International in the 2nd quarter worth about $528,000. Finally, Kahn Brothers Group Inc. DE increased its stake in VOXX International by 4.3% in the 3rd quarter. Kahn Brothers Group Inc. DE now owns 3,788,078 shares of the auto parts company’s stock worth $19,698,000 after buying an additional 155,216 shares during the period. 56.95% of the stock is currently owned by institutional investors.
NASDAQ VOXX opened at $4.82 on Friday. The company has a current ratio of 2.95, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. The stock has a market cap of $118.81 million, a price-to-earnings ratio of 160.67 and a beta of 0.20. VOXX International Corp has a one year low of $4.49 and a one year high of $7.00.
VOXX International (NASDAQ:VOXX) last posted its earnings results on Thursday, October 11th. The auto parts company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.83). The business had revenue of $108.87 million for the quarter. VOXX International had a negative net margin of 0.11% and a positive return on equity of 2.48%. During the same quarter last year, the business earned ($0.03) earnings per share.
Separately, Zacks Investment Research raised shares of VOXX International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th.
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VOXX International Company Profile
VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.
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