Kahn Brothers Group Inc. DE lifted its stake in shares of VOXX International Corp (NASDAQ:VOXX) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,057,888 shares of the auto parts company’s stock after acquiring an additional 90,342 shares during the period. VOXX International accounts for approximately 2.4% of Kahn Brothers Group Inc. DE’s portfolio, making the stock its 14th biggest position. Kahn Brothers Group Inc. DE owned about 16.78% of VOXX International worth $19,072,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wiley BROS. Aintree Capital LLC acquired a new position in VOXX International in the 3rd quarter valued at about $56,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of VOXX International in the second quarter valued at approximately $51,000. Morgan Stanley grew its holdings in VOXX International by 74.9% during the second quarter. Morgan Stanley now owns 24,455 shares of the auto parts company’s stock worth $101,000 after acquiring an additional 10,471 shares during the period. Oppenheimer & Co. Inc. grew its holdings in VOXX International by 18.5% during the second quarter. Oppenheimer & Co. Inc. now owns 32,000 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 5,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in VOXX International by 48.7% during the second quarter. Jacobs Levy Equity Management Inc. now owns 49,640 shares of the auto parts company’s stock worth $207,000 after acquiring an additional 16,257 shares during the period. Institutional investors and hedge funds own 52.47% of the company’s stock.
VOXX International stock traded up $0.03 during trading hours on Friday, hitting $4.56. The stock had a trading volume of 997 shares, compared to its average volume of 59,288. The company has a quick ratio of 1.34, a current ratio of 2.63 and a debt-to-equity ratio of 0.02. VOXX International Corp has a 1-year low of $3.41 and a 1-year high of $5.42. The stock’s fifty day moving average is $4.74 and its two-hundred day moving average is $4.42.
VOXX International (NASDAQ:VOXX) last posted its earnings results on Thursday, October 10th. The auto parts company reported ($0.24) earnings per share for the quarter. The firm had revenue of $90.25 million during the quarter. VOXX International had a negative net margin of 7.48% and a negative return on equity of 3.73%.
Separately, ValuEngine raised VOXX International from a “hold” rating to a “buy” rating in a report on Friday, November 1st.
About VOXX International
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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