Emerald Acquisition Ltd. bought a new position in Calix Inc. (NYSE:CALX) during the second quarter, Holdings Channel reports. The institutional investor bought 139,766 shares of the company’s stock, valued at approximately $966,000. Emerald Acquisition Ltd. owned 0.29% of Calix at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CALX. Swiss National Bank increased its stake in Calix by 6.2% in the second quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $544,000 after buying an additional 4,600 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Calix by 33.7% in the second quarter. Bank of New York Mellon Corp now owns 221,769 shares of the company’s stock worth $1,532,000 after buying an additional 55,900 shares during the last quarter. First Midwest Bank Trust Division increased its stake in Calix by 43.0% in the second quarter. First Midwest Bank Trust Division now owns 56,432 shares of the company’s stock worth $390,000 after buying an additional 16,962 shares during the last quarter. Bank of Montreal Can bought a new stake in Calix during the second quarter worth $201,000. Finally, Voce Capital Management LLC increased its stake in 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 during the last quarter. 66.10% of the stock is currently owned by institutional investors and hedge funds.
Calix Inc. (NYSE:CALX) traded down 3.47% on Tuesday, reaching $6.96. 26,229 shares of the company traded hands. The company’s market capitalization is $339.52 million. The stock has a 50-day moving average of $7.30 and a 200 day moving average of $7.16. Calix Inc. has a 52-week low of $5.64 and a 52-week high of $9.07.
Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $106.20 million. Calix had a negative net margin of 5.95% and a negative return on equity of 4.88%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities analysts forecast that Calix Inc. will post ($0.06) EPS for the current year.
A number of research firms have weighed in on CALX. Zacks Investment Research raised Calix from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Morgan Stanley set a $9.00 target price on Calix and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Finally, TheStreet raised Calix from a “sell” rating to a “hold” rating in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Calix presently has a consensus rating of “Hold” and a consensus price target of $8.82.
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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