Harbor Capital Advisors Inc. boosted its holdings in Calix, Inc. (NYSE:CALX – Free Report) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,301 shares of the communications equipment provider’s stock after acquiring an additional 2,911 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Calix were worth $499,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in CALX. GAMMA Investing LLC lifted its holdings in shares of Calix by 187.9% during the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Calix in the 3rd quarter worth about $34,000. Arcadia Investment Management Corp MI bought a new position in Calix during the 3rd quarter valued at about $39,000. Avior Wealth Management LLC boosted its holdings in shares of Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of 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 acquiring an additional 318 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on CALX. StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.
Calix Stock Performance
Shares of Calix stock opened at $36.87 on Wednesday. The stock has a market cap of $2.45 billion, a P/E ratio of -153.63 and a beta of 1.68. The stock’s fifty day moving average is $34.11 and its 200 day moving average is $35.96. Calix, Inc. has a one year low of $26.76 and a one year high of $45.15.
Calix (NYSE:CALX – Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. Calix had a positive return on equity of 1.33% and a negative net margin of 1.79%. The business’s revenue for the quarter was down 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. Analysts predict that Calix, Inc. will post -0.34 EPS for the current year.
About Calix
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.
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