magicJack VocalTec Ltd (CALL) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. lowered its stake in magicJack VocalTec Ltd (NASDAQ:CALL) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,132 shares of the technology company’s stock after selling 15,507 shares during the period. Goldman Sachs Group Inc. owned 0.95% of magicJack VocalTec worth $1,103,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of CALL. Emancipation Management LLC boosted its position in magicJack VocalTec by 320.1% in the second quarter. Emancipation Management LLC now owns 275,422 shares of the technology company’s stock valued at $1,983,000 after buying an additional 209,854 shares in the last quarter. Numeric Investors LLC boosted its position in magicJack VocalTec by 10.5% in the second quarter. Numeric Investors LLC now owns 509,776 shares of the technology company’s stock valued at $3,670,000 after buying an additional 48,300 shares in the last quarter. Renaissance Technologies LLC boosted its position in magicJack VocalTec by 5.5% in the first quarter. Renaissance Technologies LLC now owns 902,636 shares of the technology company’s stock valued at $7,718,000 after buying an additional 46,736 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in magicJack VocalTec by 14.9% in the first quarter. California Public Employees Retirement System now owns 187,900 shares of the technology company’s stock valued at $1,607,000 after buying an additional 24,300 shares in the last quarter. Hedge funds and other institutional investors own 43.43% of the company’s stock.
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Shares of magicJack VocalTec Ltd (NASDAQ:CALL) opened at $6.10 on Monday. magicJack VocalTec Ltd has a 52-week low of $5.65 and a 52-week high of $8.90. The firm has a market cap of $98.29, a P/E ratio of 8.84 and a beta of 0.53.
magicJack VocalTec (NASDAQ:CALL) last issued its earnings results on Wednesday, August 9th. The technology company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. magicJack VocalTec had a negative net margin of 23.97% and a positive return on equity of 23.63%. The firm had revenue of $22.40 million for the quarter, compared to analyst estimates of $21.90 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was down 11.5% on a year-over-year basis.
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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