Well Done LLC Acquires 3,152,500 Shares of VOXX International Co. (NASDAQ:VOXX)

Well Done LLC increased its holdings in VOXX International Co. (NASDAQ:VOXX) by 95.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,463,808 shares of the auto parts company’s stock after acquiring an additional 3,152,500 shares during the period. VOXX International comprises 7.5% of Well Done LLC’s investment portfolio, making the stock its 3rd biggest holding. Well Done LLC owned 28.75% of VOXX International worth $41,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOXX. Marquette Asset Management LLC increased its stake in VOXX International by 60.0% in the 3rd quarter. Marquette Asset Management LLC now owns 78,176 shares of the auto parts company’s stock valued at $497,000 after buying an additional 29,326 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of VOXX International during the 2nd quarter valued at approximately $63,000. Squarepoint Ops LLC bought a new position in shares of VOXX International during the 2nd quarter valued at approximately $130,000. Marshall Wace LLP bought a new position in shares of VOXX International during the 2nd quarter valued at approximately $67,000. Finally, Renaissance Technologies LLC grew its position in shares of VOXX International by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock valued at $1,333,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 71.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of VOXX International from a “sell” rating to a “hold” rating in a research report on Monday.

VOXX International Stock Performance

VOXX International stock traded up $0.01 during mid-day trading on Friday, reaching $7.71. The company’s stock had a trading volume of 890 shares, compared to its average volume of 957,556. VOXX International Co. has a 12-month low of $2.27 and a 12-month high of $11.74. The company has a market capitalization of $173.32 million, a P/E ratio of -6.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10. The firm’s fifty day moving average price is $5.36 and its two-hundred day moving average price is $4.77.

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

Insider Transactions at VOXX International

In related news, major shareholder Corp Gentex acquired 3,152,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the acquisition, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Corp Gentex acquired 3,152,500 shares of the stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the purchase, the insider now owns 6,463,808 shares in the company, valued at approximately $32,319,040. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Beat Kahli sold 20,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. 49.81% of the stock is currently owned by insiders.

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.