06 Jul Ajo LP Lowers Stock Holdings in AudioCodes Ltd. (NASDAQ:AUD…
AJO LP cut its holdings in shares of AudioCodes Ltd. (NASDAQ:AUDC) by 50.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,557 shares of the communications equipment provider’s stock after selling 21,855 shares during the quarter. AJO LP owned approximately 0.07% of AudioCodes worth $298,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of AudioCodes by 119.4% in the fourth quarter. BlackRock Inc. now owns 6,061 shares of the communications equipment provider’s stock worth $60,000 after buying an additional 3,299 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of AudioCodes in the fourth quarter worth approximately $121,000. Nkcfo LLC bought a new position in shares of AudioCodes in the first quarter worth approximately $181,000. RHS Financial LLC bought a new position in shares of AudioCodes in the fourth quarter worth approximately $130,000. Finally, Alpine Woods Capital Investors LLC increased its position in shares of AudioCodes by 50.0% in the first quarter. Alpine Woods Capital Investors LLC now owns 15,000 shares of the communications equipment provider’s stock worth $208,000 after purchasing an additional 5,000 shares during the last quarter. 31.12% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ AUDC traded up $0.12 on Friday, reaching $15.67. 66,300 shares of the company’s stock traded hands, compared to its average volume of 218,788. AudioCodes Ltd. has a 12 month low of $7.64 and a 12 month high of $17.44. The company has a current ratio of 1.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $15.25. The firm has a market cap of $456.35 million, a PE ratio of 25.49 and a beta of 0.59.
AudioCodes (NASDAQ:AUDC) last issued its earnings results on Tuesday, April 30th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. AudioCodes had a net margin of 7.82% and a return on equity of 19.48%. The firm had revenue of $46.58 million for the quarter.
Separately, BidaskClub upgraded shares of AudioCodes from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $9.00.
AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking solutions, products, and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company’s products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center, customer premises or the branch; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments.
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