Fondren Management LP lifted its stake in shares of magicJack VocalTec Ltd (NASDAQ:CALL) by 249.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,310 shares of the technology company’s stock after purchasing an additional 249,310 shares during the period. magicJack VocalTec comprises 2.1% of Fondren Management LP’s investment portfolio, making the stock its 9th biggest position. Fondren Management LP owned about 2.16% of magicJack VocalTec worth $2,952,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CALL. Macquarie Group Ltd. increased its stake in shares of magicJack VocalTec by 45.3% during the third quarter. Macquarie Group Ltd. now owns 179,035 shares of the technology company’s stock worth $1,280,000 after purchasing an additional 55,835 shares in the last quarter. Citadel Advisors LLC boosted its position in magicJack VocalTec by 110.1% during the third quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock worth $284,000 after acquiring an additional 20,818 shares during the last quarter. Emancipation Management LLC boosted its position in magicJack VocalTec by 16.3% during the third quarter. Emancipation Management LLC now owns 320,422 shares of the technology company’s stock worth $2,291,000 after acquiring an additional 45,000 shares during the last quarter. Signia Capital Management LLC acquired a new position in magicJack VocalTec during the third quarter worth about $1,799,000. Finally, Discovery Group I LLC acquired a new position in magicJack VocalTec during the third quarter worth about $700,000. 65.43% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded shares of magicJack VocalTec from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st.
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.
Want to see what other hedge funds are holding CALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for magicJack VocalTec Ltd (NASDAQ:CALL).
Receive News & Ratings for magicJack VocalTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for magicJack VocalTec and related companies with MarketBeat.com's FREE daily email newsletter.