Point72 Asia Singapore Pte. Ltd. Makes New Investment in VOXX International Co. (NASDAQ:VOXX)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of VOXX International Co. (NASDAQ:VOXX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,866 shares of the auto parts company’s stock, valued at approximately $65,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OMERS ADMINISTRATION Corp increased its position in VOXX International by 70.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 83,713 shares of the auto parts company’s stock valued at $618,000 after acquiring an additional 34,513 shares during the period. Kahn Brothers Group Inc. increased its holdings in shares of VOXX International by 10.5% during the fourth quarter. Kahn Brothers Group Inc. now owns 114,676 shares of the auto parts company’s stock valued at $846,000 after purchasing an additional 10,868 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of VOXX International during the fourth quarter valued at about $66,000. Bridgeway Capital Management LLC raised its stake in shares of VOXX International by 1.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 203,739 shares of the auto parts company’s stock valued at $1,504,000 after purchasing an additional 3,267 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in VOXX International in the 4th quarter valued at about $361,000. 71.00% of the stock is currently owned by institutional investors and hedge funds.

VOXX International Price Performance

NASDAQ VOXX opened at $7.50 on Monday. VOXX International Co. has a 12 month low of $2.27 and a 12 month high of $8.12. The firm has a market capitalization of $168.96 million, a PE ratio of -2.43 and a beta of 1.19. The company’s 50 day simple moving average is $7.50 and its 200 day simple moving average is $7.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.85 and a quick ratio of 0.97.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of VOXX International in a research note on Tuesday, May 13th. They set a “hold” rating on the stock.

VOXX International Profile

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.