Moors & Cabot Inc. Grows Stake in VOXX International Co. (NASDAQ:VOXX)

Moors & Cabot Inc. increased its stake in VOXX International Co. (NASDAQ:VOXX) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,256 shares of the auto parts company’s stock after buying an additional 8,000 shares during the quarter. Moors & Cabot Inc. owned about 0.62% of VOXX International worth $886,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of VOXX International by 72.7% in the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 2,353 shares during the period. Acuitas Investments LLC acquired a new stake in VOXX International during the 2nd quarter valued at approximately $855,000. Acadian Asset Management LLC purchased a new position in shares of VOXX International during the 2nd quarter valued at approximately $44,000. Renaissance Technologies LLC boosted its stake in VOXX International by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock valued at $1,333,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in VOXX International during the 2nd quarter worth $67,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

VOXX International Stock Performance

Shares of VOXX stock opened at $7.74 on Friday. The business has a 50 day simple moving average of $6.89 and a 200 day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 1.05. The firm has a market capitalization of $174.15 million, a price-to-earnings ratio of -6.79 and a beta of 1.22. VOXX International Co. has a 12-month low of $2.27 and a 12-month high of $11.74.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings data on Thursday, October 10th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $92.49 million for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised VOXX International from a “sell” rating to a “hold” rating in a research report on Monday, October 14th.

About VOXX International

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.