Is VOXX International Corp (VOXX) A Good Stock To Buy?

Seeing as VOXX International Corp (NASDAQ:VOXX) has gone through declining sentiment from the entirety of the hedge funds we track, it’s safe to say that there was a specific group of fund managers that elected to cut their full holdings by the end of the third quarter. It’s worth mentioning that Israel Englander’s Millennium Management cut the largest stake of all the investors watched by Insider Monkey, totaling about $0.3 million in stock. Ben Levine, Andrew Manuel and Stefan Renold’s fund, LMR Partners, also dropped its stock, about $0.1 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as VOXX International Corp (NASDAQ:VOXX) but similarly valued. These stocks are Peak Resorts Inc (NASDAQ:SKIS), Adamis Pharmaceuticals Corp (NASDAQ:ADMP), Steadymed Ltd (NASDAQ:STDY), and Chiasma Inc (NASDAQ:CHMA). This group of stocks’ market valuations are closest to VOXX’s market valuation.

As you can see these stocks had an average of 3 hedge funds with bullish positions and the average amount invested in these stocks was $8 million. That figure was $11 million in VOXX’s case. Steadymed Ltd (NASDAQ:STDY) is the most popular stock in this table. On the other hand Chiasma Inc (NASDAQ:CHMA) is the least popular one with only 2 bullish hedge fund positions. Compared to these stocks VOXX International Corp (NASDAQ:VOXX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.