Rice Hall James & Associates LLC Sells 5,828 Shares of Calix Inc. (CALX)
Rice Hall James & Associates LLC cut its stake in Calix Inc. (NYSE:CALX) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,551 shares of the company’s stock after selling 5,828 shares during the period. Rice Hall James & Associates LLC’s holdings in Calix were worth $1,676,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of CALX. Bank of Montreal Can acquired a new position in shares of Calix during the second quarter worth approximately $201,000. First Midwest Bank Trust Division raised its position in shares of 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 during the period. Royal Bank of Canada raised its position in shares of 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 during the period. Spark Investment Management LLC raised its position in shares of Calix by 133.7% in the first quarter. Spark Investment Management LLC now owns 231,600 shares of the company’s stock worth $1,642,000 after buying an additional 132,500 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Calix by 12.0% in the first quarter. Geode Capital Management LLC now owns 285,196 shares of the company’s stock worth $2,022,000 after buying an additional 30,489 shares during the period. Hedge funds and other institutional investors own 66.10% of the company’s stock.
Calix Inc. (NYSE:CALX) traded up 0.42% during mid-day trading on Friday, hitting $7.09. The stock had a trading volume of 116,807 shares. Calix Inc. has a one year low of $5.64 and a one year high of $9.07. The firm’s market capitalization is $345.86 million. The stock’s 50 day moving average price is $7.32 and its 200 day moving average price is $7.16.
Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The business earned $107.40 million during the quarter, compared to the consensus estimate of $106.20 million. Calix had a negative return on equity of 4.88% and a negative net margin of 5.95%. Calix’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. Analysts forecast that Calix Inc. will post ($0.06) EPS for the current year.
A number of brokerages have recently commented on CALX. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. TheStreet upgraded Calix from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Morgan Stanley set a $9.00 price target on Calix and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Calix presently has a consensus rating of “Hold” and an average target price 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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