Spark Investment Management LLC Has $863,000 Position in Calix, Inc (NYSE:CALX)
Spark Investment Management LLC cut its stake in shares of Calix, Inc (NYSE:CALX) by 48.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,000 shares of the communications equipment provider’s stock after selling 119,100 shares during the period. Spark Investment Management LLC’s holdings in Calix were worth $863,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. PEAK6 Investments L.P. acquired a new stake in shares of Calix during the first quarter valued at about $120,000. Trexquant Investment LP acquired a new stake in shares of Calix during the first quarter valued at about $134,000. American International Group Inc. raised its stake in shares of Calix by 7.1% in the first quarter. American International Group Inc. now owns 25,413 shares of the communications equipment provider’s stock valued at $184,000 after buying an additional 1,676 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Calix by 14.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,938 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 3,617 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Calix by 11.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,497 shares of the communications equipment provider’s stock valued at $227,000 after buying an additional 2,925 shares during the period. 64.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Calix, Inc (NYSE:CALX) opened at 5.25 on Friday. The company’s market cap is $262.60 million. Calix, Inc has a 12-month low of $5.15 and a 12-month high of $8.10. The stock has a 50 day moving average of $6.75 and a 200 day moving average of $6.86.
Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.15. Calix had a negative return on equity of 28.88% and a negative net margin of 12.72%. The company had revenue of $126.12 million during the quarter, compared to the consensus estimate of $123.70 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities analysts expect that Calix, Inc will post ($0.92) earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on CALX shares. Northland Securities set a $7.00 target price on shares of Calix and gave the stock a “hold” rating in a report on Monday. BidaskClub lowered shares of Calix from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.00.
Calix, Inc provides 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 various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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