New York State Common Retirement Fund purchased a new position in shares of VOXX International Corporation (NASDAQ:VOXX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,300 shares of the auto parts company’s stock, valued at approximately $175,000. New York State Common Retirement Fund owned 0.09% of VOXX International as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Nationwide Fund Advisors raised its position in shares of VOXX International by 20.9% in the 2nd quarter. Nationwide Fund Advisors now owns 63,905 shares of the auto parts company’s stock worth $524,000 after buying an additional 11,037 shares during the period. TIAA CREF Investment Management LLC purchased a new position in shares of VOXX International in the 2nd quarter worth $447,000. Teachers Advisors LLC purchased a new position in shares of VOXX International in the 2nd quarter worth $315,000. Wells Fargo & Company MN raised its position in shares of VOXX International by 167.1% in the 2nd quarter. Wells Fargo & Company MN now owns 173,800 shares of the auto parts company’s stock worth $1,426,000 after buying an additional 108,725 shares during the period. Finally, Kahn Brothers Group Inc. DE raised its position in shares of VOXX International by 30.9% in the 2nd quarter. Kahn Brothers Group Inc. DE now owns 2,308,302 shares of the auto parts company’s stock worth $18,928,000 after buying an additional 544,741 shares during the period. 62.00% of the stock is currently owned by institutional investors.
VOXX International Corporation (NASDAQ VOXX) opened at $6.95 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. VOXX International Corporation has a 52-week low of $4.05 and a 52-week high of $9.00.
VOXX International (NASDAQ:VOXX) last issued its earnings results on Tuesday, October 10th. The auto parts company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.73). The firm had revenue of $113.50 million during the quarter, compared to analysts’ expectations of $163.00 million. VOXX International had a negative return on equity of 3.77% and a net margin of 3.10%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. equities research analysts predict that VOXX International Corporation will post -0.58 EPS for the current year.
Several brokerages recently weighed in on VOXX. Zacks Investment Research lowered VOXX International from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. TheStreet lowered VOXX International from a “c-” rating to a “d+” rating in a research report on Tuesday, October 24th.
VOXX International Profile
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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