TIAA CREF Investment Management LLC Lowers Position in Calix, Inc (CALX)
TIAA CREF Investment Management LLC lowered its stake in shares of Calix, Inc (NYSE:CALX) by 2.3% during the first quarter, Holdings Channel reports. The fund owned 167,505 shares of the communications equipment provider’s stock after selling 3,991 shares during the period. TIAA CREF Investment Management LLC’s holdings in Calix were worth $1,214,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP bought a new position in Calix during the first quarter valued at $134,000. American International Group Inc. raised its position 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 worth $184,000 after buying an additional 1,676 shares in the last quarter. Algert Global LLC raised its position in shares of Calix by 17.6% in the first quarter. Algert Global LLC now owns 39,874 shares of the communications equipment provider’s stock worth $289,000 after buying an additional 5,965 shares in the last quarter. First Midwest Bank Trust Division raised its position in shares of Calix by 1.1% in the first quarter. First Midwest Bank Trust Division now owns 55,989 shares of the communications equipment provider’s stock worth $406,000 after buying an additional 617 shares in the last quarter. Finally, TFS Capital LLC acquired a new position in shares of Calix during the first quarter worth $634,000. Institutional investors own 63.60% of the company’s stock.
Shares of Calix, Inc (NYSE:CALX) traded up 2.500% during trading on Wednesday, reaching $5.125. 36,845 shares of the company’s stock were exchanged. Calix, Inc has a 12 month low of $4.85 and a 12 month high of $8.10. The stock has a 50-day moving average price of $6.59 and a 200 day moving average price of $6.81. The firm’s market cap is $256.35 million.
Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.15. The business had revenue of $126.12 million for the quarter, compared to analysts’ expectations of $123.70 million. Calix had a negative net margin of 12.72% and a negative return on equity of 30.33%. Calix’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.04) EPS. On average, analysts forecast that Calix, Inc will post ($1.21) EPS for the current year.
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A number of equities analysts have weighed in on CALX shares. ValuEngine upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Calix from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, Northland Securities set a $7.00 target price on shares of Calix and gave the stock a “hold” rating in a research report on Monday, August 7th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.50.
Calix Company Profile
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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