VOXX International Corp (NASDAQ:VOXX) Shares Acquired by Morgan Stanley

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Morgan Stanley lifted its stake in shares of VOXX International Corp (NASDAQ:VOXX) by 18.9% during the 1st quarter, HoldingsChannel reports. The firm owned 228,989 shares of the auto parts company’s stock after purchasing an additional 36,349 shares during the quarter. Morgan Stanley’s holdings in VOXX International were worth $652,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VOXX. Marquette Asset Management LLC acquired a new position in shares of VOXX International during the 1st quarter worth approximately $281,000. Renaissance Technologies LLC raised its holdings in shares of VOXX International by 14.2% in the fourth quarter. Renaissance Technologies LLC now owns 516,122 shares of the auto parts company’s stock valued at $2,261,000 after buying an additional 64,079 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of VOXX International by 44.6% in the first quarter. Wells Fargo & Company MN now owns 35,703 shares of the auto parts company’s stock valued at $102,000 after buying an additional 11,011 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of VOXX International in the fourth quarter valued at about $45,000. Finally, Acadian Asset Management LLC raised its holdings in shares of VOXX International by 5.9% in the first quarter. Acadian Asset Management LLC now owns 117,418 shares of the auto parts company’s stock valued at $335,000 after buying an additional 6,581 shares during the last quarter. Institutional investors and hedge funds own 44.91% of the company’s stock.

In other news, major shareholder Beat Kahli purchased 150,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $5.72 per share, with a total value of $858,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 550,685 shares of company stock valued at $3,000,735 over the last three months. 19.12% of the stock is currently owned by corporate insiders.

NASDAQ VOXX opened at $6.52 on Friday. The stock has a market capitalization of $155.96 million, a P/E ratio of -4.72 and a beta of 1.78. VOXX International Corp has a 52-week low of $1.82 and a 52-week high of $7.21. The firm has a 50-day moving average price of $5.95 and a 200 day moving average price of $4.58. The company has a quick ratio of 1.70, a current ratio of 3.02 and a debt-to-equity ratio of 0.09.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings results on Monday, June 15th. The auto parts company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $101.08 million during the quarter. VOXX International had a negative net margin of 8.99% and a negative return on equity of 3.55%.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of VOXX International from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. TheStreet raised shares of VOXX International from a “d+” rating to a “c-” rating in a report on Thursday, May 14th.

VOXX International Profile

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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Want to see what other hedge funds are holding VOXX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VOXX International Corp (NASDAQ:VOXX).

Institutional Ownership by Quarter for VOXX International (NASDAQ:VOXX)

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