Bank of New York Mellon Corp boosted its stake in shares of Calix Inc. (NYSE:CALX) by 33.7% during the second quarter, Holdings Channel reports. The fund owned 221,769 shares of the company’s stock after buying an additional 55,900 shares during the period. Bank of New York Mellon Corp owned about 0.46% of Calix worth $1,532,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in CALX. Renaissance Technologies LLC increased its stake in shares of Calix by 11.5% in the first quarter. Renaissance Technologies LLC now owns 1,994,300 shares of the company’s stock worth $14,140,000 after buying an additional 205,400 shares in the last quarter. Spark Investment Management LLC increased its stake in shares of Calix by 133.7% in the first quarter. Spark Investment Management LLC now owns 231,600 shares of the company’s stock worth $1,642,000 after buying an additional 132,500 shares in the last quarter. Voce Capital Management LLC increased its stake in shares of Calix by 6.3% in the first quarter. Voce Capital Management LLC now owns 590,116 shares of the company’s stock worth $4,184,000 after buying an additional 35,127 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Calix by 12.0% in the first quarter. Geode Capital Management LLC now owns 285,196 shares of the company’s stock worth $2,022,000 after buying an additional 30,489 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Calix during the second quarter worth about $201,000. Hedge funds and other institutional investors own 66.10% of the company’s stock.
Calix Inc. (NYSE:CALX) traded up 1.41% during trading on Monday, hitting $7.19. 40,251 shares of the company were exchanged. The stock’s 50-day moving average is $7.32 and its 200-day moving average is $7.16. Calix Inc. has a 12 month low of $5.64 and a 12 month high of $9.07. The company’s market capitalization is $350.74 million.
Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The business had revenue of $107.40 million for the quarter, compared to the consensus estimate of $106.20 million. Calix had a negative net margin of 5.95% and a negative return on equity of 4.88%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that Calix Inc. will post ($0.06) earnings per share for the current year.
A number of analysts have issued reports on CALX shares. Morgan Stanley set a $9.00 price target on shares of Calix and gave the company a “hold” rating in a report on Wednesday, August 3rd. TheStreet upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Calix presently has an average rating of “Hold” and a consensus target price of $8.82.
Calix Company Profile
Calix, Inc is a provider of 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 a range of revenue-generating services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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