Renaissance Technologies LLC Purchases 25,000 Shares of VOXX International Co. (NASDAQ:VOXX)

Renaissance Technologies LLC boosted its stake in VOXX International Co. (NASDAQ:VOXX) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 421,826 shares of the auto parts company’s stock after purchasing an additional 25,000 shares during the period. Renaissance Technologies LLC owned about 1.88% of VOXX International worth $1,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VOXX. Acuitas Investments LLC acquired a new stake in VOXX International during the 2nd quarter worth about $855,000. Empowered Funds LLC boosted its position 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 purchasing an additional 4,900 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of VOXX International during the 2nd quarter worth about $44,000. Finally, BNP Paribas Financial Markets boosted its position 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 purchasing an additional 2,353 shares in the last quarter. 71.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VOXX International

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

Analyst Upgrades and Downgrades

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

VOXX International Price Performance

VOXX International 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 company’s 50 day moving average price is $4.54 and its two-hundred day moving average price 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 cap of $144.72 million, a P/E ratio of -3.82 and a beta of 1.25.

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

VOXX International Profile

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.