Atom Investors LP Has $4.02 Million Holdings in Calix, Inc. (NYSE:CALX)

Atom Investors LP lessened its stake in shares of Calix, Inc. (NYSE:CALX) by 9.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,631 shares of the communications equipment provider’s stock after selling 11,036 shares during the period. Atom Investors LP owned 0.16% of Calix worth $4,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Calix by 187.9% in 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 acquired a new position in Calix during the 3rd quarter worth approximately $34,000. Arcadia Investment Management Corp MI acquired a new position in Calix during the 3rd quarter worth approximately $39,000. Avior Wealth Management LLC grew its stake 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 valued at $46,000 after acquiring an additional 1,078 shares during the period. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Calix by 29.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 318 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

Calix Stock Performance

Shares of NYSE CALX opened at $32.53 on Monday. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The stock has a market cap of $2.16 billion, a PE ratio of -135.54 and a beta of 1.75. The stock has a fifty day moving average of $35.78 and a 200-day moving average of $35.77.

Calix (NYSE:CALX) last posted its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. During the same quarter in the prior year, the firm posted $0.25 EPS. Calix’s revenue was down 23.8% on a year-over-year basis. On average, sell-side analysts predict that Calix, Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. StockNews.com raised shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average price target of $42.50.

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.