magicJack VocalTec Ltd (CALL) Position Cut by Pacific Ridge Capital Partners LLC
Pacific Ridge Capital Partners LLC decreased its position in shares of magicJack VocalTec Ltd (NASDAQ:CALL) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 652,201 shares of the technology company’s stock after selling 55,320 shares during the period. magicJack VocalTec makes up about 1.4% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 21st largest position. Pacific Ridge Capital Partners LLC owned 4.07% of magicJack VocalTec worth $4,696,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CALL. Dynamic Technology Lab Private Ltd bought a new position in shares of magicJack VocalTec during the first quarter worth about $109,000. Denver Investment Advisors LLC acquired a new stake in magicJack VocalTec during the first quarter valued at approximately $116,000. Brandes Investment Partners LP increased its stake in magicJack VocalTec by 19.2% in the first quarter. Brandes Investment Partners LP now owns 16,263 shares of the technology company’s stock valued at $139,000 after buying an additional 2,624 shares during the period. O Shaughnessy Asset Management LLC increased its stake in magicJack VocalTec by 22.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,507 shares of the technology company’s stock valued at $150,000 after buying an additional 3,209 shares during the period. Finally, AXA increased its stake in magicJack VocalTec by 46.9% in the first quarter. AXA now owns 105,200 shares of the technology company’s stock valued at $899,000 after buying an additional 33,600 shares during the period. Institutional investors and hedge funds own 44.88% of the company’s stock.
Shares of magicJack VocalTec Ltd (NASDAQ CALL) opened at 7.25 on Friday. The stock’s market capitalization is $116.82 million. The stock has a 50 day moving average of $7.43 and a 200 day moving average of $7.62. magicJack VocalTec Ltd has a 12-month low of $5.65 and a 12-month high of $8.90.
magicJack VocalTec (NASDAQ:CALL) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $22.40 million for the quarter, compared to analysts’ expectations of $21.90 million. magicJack VocalTec had a negative net margin of 23.97% and a positive return on equity of 23.63%. The firm’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. Equities research analysts anticipate that magicJack VocalTec Ltd will post $0.53 EPS for the current fiscal year.
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Several analysts have recently commented on CALL shares. Zacks Investment Research downgraded shares of magicJack VocalTec from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. TheStreet downgraded shares of magicJack VocalTec from a “c” rating to a “d” rating in a report on Monday, June 12th.
magicJack VocalTec Company Profile
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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