Yorktown Management & Research Co Inc Acquires New Shares in Calix, Inc. (NYSE:CALX)

Yorktown Management & Research Co Inc bought a new position in Calix, Inc. (NYSE:CALX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,000 shares of the communications equipment provider’s stock, valued at approximately $314,000.

Several other institutional investors and hedge funds have also bought and sold shares of CALX. GAMMA Investing LLC boosted its position in Calix by 187.9% in the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 436 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Calix in the third quarter worth about $34,000. Arcadia Investment Management Corp MI purchased a new position in Calix in the third quarter worth about $39,000. Avior Wealth Management LLC boosted its position in Calix by 998.1% in the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in Calix by 29.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 318 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CALX. StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price objective on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Calix Trading Up 2.9 %

Shares of CALX opened at $40.75 on Wednesday. The business’s 50 day moving average is $36.06 and its 200 day moving average is $36.35. The company has a market capitalization of $2.70 billion, a PE ratio of -90.54 and a beta of 1.70. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $41.97.

Calix (NYSE:CALX) last released its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Equities research analysts predict that Calix, Inc. will post -0.34 earnings per share for the current year.

Calix Profile

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.