California Public Employees Retirement System decreased its stake in Calix Inc. (NYSE:CALX) by 2.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 199,800 shares of the company’s stock after selling 4,300 shares during the period. California Public Employees Retirement System owned about 0.42% of Calix worth $1,381,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in Calix during the second quarter valued at $966,000. Swiss National Bank boosted its stake in Calix by 6.2% in the second quarter. Swiss National Bank now owns 78,700 shares of the company’s stock valued at $544,000 after buying an additional 4,600 shares during the period. Bank of New York Mellon Corp boosted 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 valued at $1,532,000 after buying an additional 55,900 shares during the period. First Midwest Bank Trust Division boosted 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 valued at $390,000 after buying an additional 16,962 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Calix during the second quarter valued at $201,000. Institutional investors own 66.10% of the company’s stock.
Shares of Calix Inc. (NYSE:CALX) traded down 0.87% during midday trading on Thursday, hitting $6.87. The stock had a trading volume of 59,879 shares. Calix Inc. has a 12 month low of $5.64 and a 12 month high of $9.07. The stock’s market cap is $335.13 million. The stock’s 50-day moving average is $7.26 and its 200-day moving average is $7.16.
Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $106.20 million. Calix had a negative return on equity of 4.88% and a negative net margin of 5.95%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Equities analysts anticipate that Calix Inc. will post ($0.06) EPS for the current year.
Several analysts recently commented on CALX shares. Zacks Investment Research cut Calix from a “hold” rating to a “sell” rating in a report on Monday. TheStreet raised Calix from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Morgan Stanley set a $9.00 target price on Calix and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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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