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Is magicJack VocalTec Ltd (CALL) A Good Stock To Buy?

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A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended September 30, so let’s proceed with the discussion of the hedge fund sentiment on magicJack VocalTec Ltd (NASDAQ:CALL).

Is magicJack VocalTec Ltd (NASDAQ:CALL) a healthy stock for your portfolio? It looks like the smart money is selling, as the number of funds from our database long the stock declined by two last quarter. At the end of this article we will also compare CALL to other stocks including Ashford Inc (NYSEMKT:AINC), Five Star Quality Care, Inc. (NYSE:FVE), and Eiger Biopharmaceuticals Inc (NASDAQ:EIGR) to get a better sense of its popularity.

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At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 18% gains over the past 12 months, more than doubling the 8% returns enjoyed by the S&P 500 ETFs.

Kristo-Gothard Hunor/Shutterstock.com

Kristo-Gothard Hunor/Shutterstock.com

Now, let’s go over the key action surrounding magicJack VocalTec Ltd (NASDAQ:CALL).

How have hedgies been trading magicJack VocalTec Ltd (NASDAQ:CALL)?

At Q3’s end, six hedge funds tracked by Insider Monkey were long this stock, down by 25% from the end of the second quarter. Below, you can check out the change in hedge fund sentiment towards CALL over the last five quarters. With the smart money’s capital changing hands, there exists a select group of noteworthy hedge fund managers who were boosting their holdings substantially (or already accumulated large positions).

HedgeFundSentimentChart

According to Insider Monkey’s hedge fund database, Renaissance Technologies, which is one of the largest hedge funds in the world, has the biggest position in magicJack VocalTec Ltd (NASDAQ:CALL), worth close to $4.7 million. Coming in second is Charles Frumberg of Emancipation Capital holding a $0.5 million position. Remaining members of the smart money that hold long positions comprise Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, D. E. Shaw’s D E Shaw, and Israel Englander’s Millennium Management. We should note that none of these hedge funds are among our list of the 100 best performing hedge funds which is based on the performance of their 13F long positions in non-microcap stocks.

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