VOXX International Co. (NASDAQ:VOXX – Get Rating) CEO Patrick M. Lavelle bought 13,500 shares of the company’s stock in one transaction on Friday, September 23. The shares were acquired at an average price of $6.82 per share for a total transaction of $92,070.00. Upon completion of the purchase, the Chief Executive Officer now directly owns 558,740 shares of the Company, valued at $3,810,606.80. The acquisition was disclosed in a filing with the SEC, available at this hyperlink.
VOXX International stock up 2.7%
VOXX rose $0.18 during trading hours on Monday to hit $6.95. The company’s shares had a trading volume of 94,014 shares compared to an average volume of 158,160. The company’s 50-day moving average is $8.77 and its 200-day moving average is $8.68. The company has a current ratio of 1.73, a quick ratio of 0.65 and a debt-to-equity ratio of 0.04. VOXX International Co. has a 52-week low of $5.85 and a 52-week high of $13.41.
VOXX International (NASDAQ:VOXX – Get Rating) last released its quarterly earnings results on Monday, July 11th. The auto parts maker reported earnings per share for the quarter ($0.27). The company had revenue of $128.73 million for the quarter. VOXX International had a negative return on equity of 8.51% and a negative net margin of 5.03%.
Institutional investors rely on VOXX International
A number of institutional investors recently changed their positions in VOXX. Kahn Brothers Group Inc. increased its position in shares of VOXX International by 15.0% during the second quarter. Kahn Brothers Group Inc. now owns 2,676,012 shares of the auto parts company’s stock valued at $24,914,000 after purchasing an additional 349,542 shares during the period. Vanguard Group Inc. increased its position in shares of VOXX International by 9.5% in the first quarter. Vanguard Group Inc. now owns 851,516 shares of the auto parts company valued at $8,490,000 after purchasing an additional 73,945 shares during the period. Renaissance Technologies LLC increased its stake in VOXX International by 8.7% during the second quarter. Renaissance Technologies LLC now owns 721,822 shares of the auto parts maker’s stock valued at $6,720,000 after purchasing an additional 58,000 shares last quarter. Millennium Management LLC acquired a new interest in VOXX International stock valued at $2,344,000 during the second quarter. Finally, Moors & Cabot Inc. increased its stake in VOXX International by 4.4% during the first quarter. Moors & Cabot Inc. now owns 191,900 shares of the auto parts maker’s stock valued at $1,913,000 after purchasing an additional 8,000 shares last quarter. 61.05% of the shares are currently owned by institutional investors and hedge funds.
Analysts set new price targets
A number of brokerage houses have recently commented on VOXX. TheStreet downgraded VOXX International from a “c-” rating to a “d+” rating in a research report on Wednesday 1 June. StockNews.com raised VOXX International stock from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, DA Davidson lowered its price target for shares of VOXX International from $20.00 to $16.00 and gave the company a buy rating in a report on Wednesday, July 13.
VOXX International Company Profile
VOXX International Corporation, together with its subsidiaries, designs, manufactures and sells automotive electronics, consumer electronics and biometric products in the United States, Europe and internationally. The Automotive Electronics segment offers mobile multimedia infotainment products, including overhead, seatback and headrest systems; vehicle security, vehicle access and remote start systems; satellite radios comprised of plug and play and direct connect models; Telematic applications for smartphones; car accessories; rear vision and collision avoidance systems; driver distraction products; electric lifting gates; mobile interface modules; turn signal switch; automotive lighting products; Sensor and camera systems for motor vehicles; USB ports; cruise control systems; and seat heating.
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