Tenzing Global Management LLC Takes Position in VOXX International Co. (NASDAQ:VOXX)

Tenzing Global Management LLC purchased a new position in shares of VOXX International Co. (NASDAQ:VOXX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 975,000 shares of the auto parts company’s stock, valued at approximately $6,201,000. VOXX International accounts for approximately 4.4% of Tenzing Global Management LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings in VOXX International by 5.4% during the third quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after purchasing an additional 2,700 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of VOXX International by 6.1% during the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock worth $886,000 after acquiring an additional 8,000 shares during the period. Acadian Asset Management LLC bought a new stake in shares of VOXX International during the second quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of VOXX International during the second quarter worth approximately $63,000. Finally, Marshall Wace LLP bought a new stake in shares of VOXX International during the second quarter worth approximately $67,000. Institutional investors own 71.00% of the company’s stock.

VOXX International Trading Down 6.7 %

Shares of NASDAQ:VOXX opened at $7.28 on Friday. VOXX International Co. has a 12-month low of $2.27 and a 12-month high of $11.74. The stock has a market cap of $163.80 million, a PE ratio of -6.56 and a beta of 1.21. The business has a 50 day moving average of $7.23 and a 200-day moving average of $4.95. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 0.20.

VOXX International (NASDAQ:VOXX) last released its quarterly earnings results on Thursday, October 10th. The auto parts company reported $0.10 earnings per share for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.88%. The company had revenue of $92.49 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded VOXX International from a “sell” rating to a “hold” rating in a report on Monday, October 14th.

VOXX International Company 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.