Calix Inc (CALX) Position Cut by Ameriprise Financial Inc.
Ameriprise Financial Inc. trimmed its holdings in Calix Inc (NYSE:CALX) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,951,794 shares of the communications equipment provider’s stock after selling 169,473 shares during the quarter. Ameriprise Financial Inc. owned about 5.87% of Calix worth $14,905,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of CALX. Divisar Capital Management LLC boosted its stake in Calix by 479.1% during the 2nd quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock valued at $7,352,000 after purchasing an additional 887,915 shares in the last quarter. Lapides Asset Management LLC boosted its stake in Calix by 11.0% during the 3rd quarter. Lapides Asset Management LLC now owns 3,248,000 shares of the communications equipment provider’s stock valued at $16,402,000 after purchasing an additional 321,400 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Calix by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,626,018 shares of the communications equipment provider’s stock valued at $17,988,000 after purchasing an additional 214,418 shares in the last quarter. Vanguard Group Inc. boosted its stake in Calix by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,459,000 shares of the communications equipment provider’s stock valued at $23,694,000 after purchasing an additional 115,818 shares in the last quarter. Finally, Menta Capital LLC boosted its stake in Calix by 51.5% during the 2nd quarter. Menta Capital LLC now owns 265,189 shares of the communications equipment provider’s stock valued at $1,817,000 after purchasing an additional 90,199 shares in the last quarter. 67.13% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on CALX. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised Calix from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded Calix from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Finally, Jefferies Group reiterated a “hold” rating and set a $7.00 price objective on shares of Calix in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Calix currently has a consensus rating of “Hold” and a consensus price target of $6.50.
In related news, CFO Cory Sindelar acquired 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average price of $6.70 per share, for a total transaction of $33,500.00. Following the transaction, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $100,500. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 16.50% of the stock is currently owned by corporate insiders.
Shares of Calix Inc (CALX) opened at $6.45 on Friday. Calix Inc has a 52-week low of $4.65 and a 52-week high of $8.10.
Calix (NYSE:CALX) last announced its quarterly earnings data on Tuesday, November 7th. The communications equipment provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.04). Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. The company had revenue of $128.80 million for the quarter, compared to analyst estimates of $127.92 million. During the same quarter last year, the company posted $0.12 EPS. Calix’s revenue was up 6.3% on a year-over-year basis. equities analysts forecast that Calix Inc will post -1.53 EPS for the current year.
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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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