Voxx International Corp. (VOXX) Shares Bought by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Voxx International Corp. (NASDAQ:VOXX) by 28.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 47,500 shares of the company’s stock after buying an additional 10,500 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.20% of Voxx International Corp. worth $133,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its position in shares of Voxx International Corp. by 13.6% in the second quarter. Royce & Associates LP now owns 1,325,427 shares of the company’s stock worth $3,698,000 after buying an additional 158,436 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Voxx International Corp. during the second quarter worth about $811,000. Oxford Asset Management raised its stake in shares of Voxx International Corp. by 459.4% in the second quarter. Oxford Asset Management now owns 152,650 shares of the company’s stock worth $426,000 after buying an additional 125,363 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of Voxx International Corp. by 134.4% in the first quarter. Spark Investment Management LLC now owns 134,800 shares of the company’s stock worth $602,000 after buying an additional 77,300 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Voxx International Corp. during the first quarter worth about $581,000. 60.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Voxx International Corp. (NASDAQ:VOXX) traded up 2.174% during midday trading on Monday, reaching $3.055. The company’s stock had a trading volume of 19,858 shares. The firm’s market capitalization is $73.81 million. Voxx International Corp. has a 12-month low of $2.47 and a 12-month high of $8.04. The stock has a 50-day moving average of $3.05 and a 200 day moving average of $3.42.
Voxx International Corp. (NASDAQ:VOXX) last announced its quarterly earnings data on Monday, July 11th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $155.50 million for the quarter. Voxx International Corp. had a negative net margin of 0.93% and a positive return on equity of 0.78%. Voxx International Corp.’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Equities research analysts predict that Voxx International Corp. will post $0.26 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered Voxx International Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th.
In related news, insider Patrick M. Lavelle acquired 16,154 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were purchased at an average cost of $3.04 per share, with a total value of $49,108.16. Following the completion of the acquisition, the insider now directly owns 55,299 shares of the company’s stock, valued at $168,108.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Denise W. Gibson acquired 32,100 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were bought at an average cost of $3.13 per share, for a total transaction of $100,473.00. Following the completion of the acquisition, the director now directly owns 20,400 shares of the company’s stock, valued at $63,852. The disclosure for this purchase can be found here. Insiders own 17.51% of the company’s stock.
About Voxx International Corp.
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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