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

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of VOXX International Co. (NASDAQ:VOXX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,033 shares of the auto parts company’s stock, valued at approximately $63,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.09% of VOXX International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in VOXX International by 72.7% during the first 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 in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of VOXX International during the second quarter worth $44,000. Marshall Wace LLP acquired a new stake in shares of VOXX International during the second quarter worth $67,000. Squarepoint Ops LLC acquired a new stake in shares of VOXX International during the second quarter worth $130,000. Finally, 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 worth $540,000 after purchasing an additional 4,900 shares during the last quarter. Hedge funds and other institutional investors own 71.00% of the company’s stock.

VOXX International Price Performance

VOXX stock opened at $6.42 on Friday. VOXX International Co. has a 52-week low of $2.27 and a 52-week high of $11.74. The stock’s fifty day simple moving average is $4.54 and its 200-day simple moving average is $4.82. The company has a quick ratio of 1.11, a current ratio of 2.43 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $144.72 million, a price-to-earnings ratio of -3.82 and a beta of 1.25.

VOXX International (NASDAQ:VOXX) last issued 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 firm had revenue of $91.66 million during the quarter.

Insider Activity at VOXX International

In related news, Director Beat Kahli sold 20,000 shares of VOXX International 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 SEC, which is accessible through this hyperlink. In related news, major shareholder Corp Gentex acquired 3,152,500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beat Kahli sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $5.00, for a total value of $100,000.00. The disclosure for this sale can be found here. 49.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.