magicJack VocalTec Ltd (CALL) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. raised its position in shares of magicJack VocalTec Ltd (NASDAQ:CALL) by 80.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,639 shares of the technology company’s stock after buying an additional 75,077 shares during the period. Goldman Sachs Group Inc. owned 1.05% of magicJack VocalTec worth $1,442,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of CALL. Renaissance Technologies LLC increased its stake in shares of magicJack VocalTec by 5.5% in the first quarter. Renaissance Technologies LLC now owns 902,636 shares of the technology company’s stock worth $7,718,000 after buying an additional 46,736 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of magicJack VocalTec by 36.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 707,521 shares of the technology company’s stock worth $6,049,000 after buying an additional 190,639 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of magicJack VocalTec during the first quarter worth $109,000. AXA increased its stake in shares of magicJack VocalTec by 46.9% in the first quarter. AXA now owns 105,200 shares of the technology company’s stock worth $899,000 after buying an additional 33,600 shares in the last quarter. Finally, Denver Investment Advisors LLC acquired a new stake in shares of magicJack VocalTec during the first quarter worth $116,000. 49.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of magicJack VocalTec Ltd (NASDAQ CALL) traded up 1.28% on Tuesday, hitting $7.90. The stock had a trading volume of 10,568 shares. The firm has a 50-day moving average of $7.18 and a 200 day moving average of $7.62. magicJack VocalTec Ltd has a 1-year low of $5.27 and a 1-year high of $8.90. The company’s market capitalization is $126.72 million.
magicJack VocalTec (NASDAQ:CALL) last announced its earnings results on Wednesday, May 10th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. magicJack VocalTec had a negative net margin of 18.73% and a positive return on equity of 21.85%. The company had revenue of $23.20 million during the quarter, compared to analyst estimates of $23.63 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities analysts anticipate that magicJack VocalTec Ltd will post $0.48 earnings per share for the current fiscal year.
A number of research analysts have recently commented on CALL shares. Zacks Investment Research cut magicJack VocalTec from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. TheStreet cut magicJack VocalTec from a “c” rating to a “d” rating in a research note on Monday, June 12th.
About magicJack VocalTec
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.
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