Fondren Management LP increased its holdings in shares of magicJack VocalTec Ltd (NASDAQ:CALL) by 249.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 349,310 shares of the technology company’s stock after acquiring an additional 249,310 shares during the quarter. magicJack VocalTec comprises 2.1% of Fondren Management LP’s investment portfolio, making the stock its 9th biggest position. Fondren Management LP’s holdings in magicJack VocalTec were worth $2,952,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CALL. Virtu Financial LLC acquired a new position in magicJack VocalTec during the fourth quarter worth about $160,000. Citadel Advisors LLC boosted its holdings in magicJack VocalTec by 110.1% in the 3rd quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock valued at $284,000 after purchasing an additional 20,818 shares during the last quarter. ARK Investment Management LLC acquired a new position in magicJack VocalTec in the 4th quarter valued at about $314,000. Wolverine Asset Management LLC acquired a new position in magicJack VocalTec in the 4th quarter valued at about $318,000. Finally, Cutler Group LP boosted its holdings in magicJack VocalTec by 610.4% in the 4th quarter. Cutler Group LP now owns 45,389 shares of the technology company’s stock valued at $383,000 after purchasing an additional 39,000 shares during the last quarter. Hedge funds and other institutional investors own 65.43% of the company’s stock.
magicJack VocalTec Ltd (NASDAQ:CALL) opened at $8.40 on Wednesday. The firm has a market cap of $135.18, a PE ratio of -5.71 and a beta of 0.84. magicJack VocalTec Ltd has a fifty-two week low of $5.55 and a fifty-two week high of $8.90.
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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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