4 hours Ago By ABMN Staff
Summit Investment Advisors Inc. grew its holdings in Calix, Inc. ( NYSE:CALX – Free Report ) by 8.
1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,224 shares of the communications equipment provider’s stock after acquiring an additional 465 shares during the quarter. Summit Investment Advisors Inc.
’s holdings in Calix were worth $217,000 at the end of the most recent reporting period. Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc.
increased its holdings in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc.
now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 358 shares in the last quarter. Atria Investments Inc increased its stake in shares of Calix by 7.1% during the fourth quarter.
Atria Investments Inc now owns 7,120 shares of the communications equipment provider’s stock worth $248,000 after purchasing an additional 469 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Calix by 367.8% during the 4th quarter.
Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 640 shares during the last quarter. FMR LLC lifted its stake in Calix by 49.0% in the 3rd quarter.
FMR LLC now owns 2,398 shares of the communications equipment provider’s stock valued at $93,000 after buying an additional 789 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Calix by 9.2% in the 4th quarter.
Inspire Investing LLC now owns 11,613 shares of the communications equipment provider’s stock worth $405,000 after buying an additional 978 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of equities analysts have commented on CALX shares. JPMorgan Chase & Co. reduced their target price on Calix from $45.
00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.
00 target price on shares of Calix in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.
33. Insider Transactions at Calix In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $38.
15, for a total transaction of $953,750.00. Following the completion of the transaction, the director now directly owns 2,164,188 shares in the company, valued at approximately $82,563,772.
20. This represents a 1.14 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Insiders own 16.90% of the company’s stock.
Calix Stock Performance Shares of Calix stock opened at $33.26 on Tuesday. The business’s 50 day moving average price is $35.
10 and its 200 day moving average price is $35.77. The company has a market cap of $2.
22 billion, a price-to-earnings ratio of -73.91 and a beta of 1.75.
Calix, Inc. has a one year low of $26.76 and a one year high of $42.
50. Calix ( NYSE:CALX – Get Free Report ) last announced its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.
19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06.
Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%.
The firm had revenue of $220.20 million for the quarter, compared to analysts’ expectations of $206.98 million.
During the same quarter in the previous year, the company posted $0.21 EPS. On average, analysts predict that Calix, Inc.
will post -0.43 EPS for the current fiscal year. Calix announced that its Board of Directors has authorized a share repurchase plan on Monday, April 21st that authorizes the company to buyback $100.
00 million in shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 4.5% of its stock through open market purchases.
Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued. Calix Profile ( Free Report ) Calix, Inc, together with its subsidiaries, engages in the provision of cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services.
Further Reading Want to see what other hedge funds are holding CALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calix, Inc. ( NYSE:CALX – Free Report ).
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