GSA Capital Partners LLP Has $125,000 Stake in Calix Inc. (CALX)
GSA Capital Partners LLP increased its stake in Calix Inc. (NYSE:CALX) by 46.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,068 shares of the company’s stock after buying an additional 5,700 shares during the period. GSA Capital Partners LLP’s holdings in Calix were worth $125,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Calix during the second quarter worth $201,000. First Midwest Bank Trust Division boosted its stake in Calix by 43.0% in the second quarter. First Midwest Bank Trust Division now owns 56,432 shares of the company’s stock worth $390,000 after buying an additional 16,962 shares in the last quarter. Royal Bank of Canada boosted its stake in Calix by 0.3% in the first quarter. Royal Bank of Canada now owns 60,394 shares of the company’s stock worth $428,000 after buying an additional 196 shares in the last quarter. Swiss National Bank boosted its stake in Calix by 6.2% in the second quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $544,000 after buying an additional 4,600 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Calix during the second quarter worth $966,000. Institutional investors and hedge funds own 66.10% of the company’s stock.
Shares of Calix Inc. (NYSE:CALX) traded up 2.08% during mid-day trading on Wednesday, hitting $7.36. The stock had a trading volume of 22,832 shares. The company’s market cap is $359.04 million. Calix Inc. has a 1-year low of $5.64 and a 1-year high of $9.07. The firm’s 50 day moving average price is $7.37 and its 200 day moving average price is $7.16.
Calix (NYSE:CALX) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company earned $107.40 million during the quarter, compared to the consensus estimate of $106.20 million. Calix had a negative net margin of 5.95% and a negative return on equity of 4.88%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Analysts predict that Calix Inc. will post ($0.06) earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Morgan Stanley set a $9.00 target price on Calix and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Finally, TheStreet raised Calix from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.82.
Calix, Inc is a provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide a range of revenue-generating services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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