Kahn Brothers Group Inc. DE trimmed its position in shares of VOXX International Corp (NASDAQ:VOXX) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,618,662 shares of the auto parts company’s stock after selling 169,416 shares during the quarter. VOXX International makes up approximately 2.6% of Kahn Brothers Group Inc. DE’s holdings, making the stock its 15th largest position. Kahn Brothers Group Inc. DE owned 14.95% of VOXX International worth $14,330,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of VOXX. Virtu Financial LLC bought a new stake in VOXX International during the 4th quarter valued at approximately $54,000. JPMorgan Chase & Co. boosted its position in VOXX International by 79.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,950 shares of the auto parts company’s stock valued at $359,000 after acquiring an additional 30,629 shares in the last quarter. Marquette Asset Management LLC boosted its position in VOXX International by 21.2% during the 4th quarter. Marquette Asset Management LLC now owns 94,288 shares of the auto parts company’s stock valued at $373,000 after acquiring an additional 16,507 shares in the last quarter. Raffles Associates LP boosted its position in shares of VOXX International by 50.0% in the 3rd quarter. Raffles Associates LP now owns 75,000 shares of the auto parts company’s stock worth $390,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of VOXX International by 6.1% in the 3rd quarter. Acadian Asset Management LLC now owns 183,728 shares of the auto parts company’s stock worth $955,000 after purchasing an additional 10,499 shares in the last quarter. 56.37% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on VOXX shares. TheStreet raised VOXX International from a “d+” rating to a “c-” rating in a research report on Tuesday, February 5th. Zacks Investment Research raised VOXX International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th.
Shares of VOXX opened at $5.29 on Thursday. The company has a current ratio of 2.84, a quick ratio of 1.64 and a debt-to-equity ratio of 0.01. VOXX International Corp has a 52 week low of $3.73 and a 52 week high of $6.24. The company has a market capitalization of $124.86 million, a PE ratio of 176.33 and a beta of 0.73.
VOXX International (NASDAQ:VOXX) last issued its quarterly earnings results on Wednesday, January 9th. The auto parts company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. VOXX International had a return on equity of 3.21% and a net margin of 0.66%. The firm had revenue of $129.64 million for the quarter.
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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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