ValuEngine lowered shares of magicJack VocalTec (NASDAQ:CALL) from a strong-buy rating to a buy rating in a report released on Friday.

magicJack VocalTec (CALL) traded down $0.05 during mid-day trading on Friday, hitting $8.30. 127,756 shares of the company’s stock traded hands, compared to its average volume of 580,318. The stock has a market capitalization of $134.56, a price-to-earnings ratio of 12.10 and a beta of 0.62. magicJack VocalTec has a 1-year low of $5.55 and a 1-year high of $8.90.

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its position in shares of magicJack VocalTec by 110.1% during the third quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock valued at $284,000 after buying an additional 20,818 shares during the last quarter. Discovery Group I LLC purchased a new stake in shares of magicJack VocalTec during the third quarter valued at about $700,000. Fondren Management LP lifted its position in shares of magicJack VocalTec by 476.7% during the second quarter. Fondren Management LP now owns 144,163 shares of the technology company’s stock valued at $1,038,000 after buying an additional 119,163 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of magicJack VocalTec by 47.8% during the second quarter. Sterling Capital Management LLC now owns 145,371 shares of the technology company’s stock valued at $1,047,000 after buying an additional 47,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of magicJack VocalTec by 80.2% during the first quarter. Goldman Sachs Group Inc. now owns 168,639 shares of the technology company’s stock valued at $1,442,000 after buying an additional 75,077 shares during the last quarter. 47.25% of the stock is owned by institutional investors and hedge funds.

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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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