Menta Capital LLC Has $1.82 Million Holdings in Calix, Inc (CALX)
Menta Capital LLC grew its position in Calix, Inc (NYSE:CALX) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,189 shares of the communications equipment provider’s stock after purchasing an additional 90,199 shares during the quarter. Menta Capital LLC owned about 0.53% of Calix worth $1,817,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CALX. PEAK6 Investments L.P. purchased a new position in Calix in the first quarter worth $120,000. Trexquant Investment LP purchased a new position in Calix in the first quarter worth $134,000. American International Group Inc. grew its holdings in 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 purchasing an additional 1,676 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Calix by 2.7% in the second quarter. Wells Fargo & Company MN now owns 28,054 shares of the communications equipment provider’s stock worth $192,000 after purchasing an additional 729 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in 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 worth $210,000 after purchasing an additional 3,617 shares during the last quarter. 64.47% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Northland Securities set a $7.00 price target on shares of Calix and gave the stock a “hold” rating in a report on Monday, August 7th. BidaskClub lowered shares of Calix from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, ValuEngine raised shares of Calix from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Calix presently has an average rating of “Hold” and a consensus target price of $6.50.
Shares of Calix, Inc (NYSE:CALX) opened at 4.80 on Friday. Calix, Inc has a 1-year low of $4.65 and a 1-year high of $8.10. The stock’s 50 day moving average is $5.25 and its 200 day moving average is $6.43. The firm’s market capitalization is $241.47 million.
Calix (NYSE:CALX) last posted its 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). The company had revenue of $126.12 million during 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%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the business earned ($0.04) earnings per share. Equities analysts predict that Calix, Inc will post ($1.21) earnings per share for the current year.
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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