Allianz Asset Management AG held its position in shares of magicJack VocalTec Ltd (NASDAQ:CALL) during the fourth quarter, Holdings Channel reports. The firm owned 41,264 shares of the company’s stock at the end of the fourth quarter. Allianz Asset Management AG’s holdings in magicJack VocalTec were worth $283,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Emancipation Management LLC raised its position in shares of magicJack VocalTec by 15.4% in the fourth quarter. Emancipation Management LLC now owns 98,805 shares of the company’s stock valued at $676,000 after buying an additional 13,160 shares during the last quarter. Oxford Asset Management raised its position in shares of magicJack VocalTec by 57.8% in the fourth quarter. Oxford Asset Management now owns 114,653 shares of the company’s stock valued at $785,000 after buying an additional 41,994 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of magicJack VocalTec during the third quarter valued at $1,419,000. Finally, LSV Asset Management raised its position in shares of magicJack VocalTec by 0.3% in the third quarter. LSV Asset Management now owns 562,200 shares of the company’s stock valued at $3,423,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 51.62% of the company’s stock.
magicJack VocalTec Ltd (NASDAQ:CALL) opened at 8.60 on Monday. The stock’s 50 day moving average is $7.77 and its 200 day moving average is $7.01. The stock has a market capitalization of $138.03 million, a price-to-earnings ratio of 24.57 and a beta of 1.40. magicJack VocalTec Ltd has a one year low of $5.27 and a one year high of $8.90.
Separately, Zacks Investment Research upgraded shares of magicJack VocalTec from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Tuesday, March 21st.
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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