MetLife Investment Advisors LLC cut its stake in Calix Inc (NYSE:CALX) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,486 shares of the communications equipment provider’s stock after selling 11,718 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Calix were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Semmax Financial Advisors Inc. purchased a new stake in shares of Calix in the fourth quarter worth approximately $38,000. Two Sigma Advisers LP increased its position in shares of Calix by 7.3% during the fourth quarter. Two Sigma Advisers LP now owns 80,353 shares of the communications equipment provider’s stock valued at $783,000 after acquiring an additional 5,500 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Calix by 11.8% during the third quarter. Teachers Advisors LLC now owns 93,062 shares of the communications equipment provider’s stock valued at $754,000 after acquiring an additional 9,856 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Calix by 18.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,591 shares of the communications equipment provider’s stock valued at $698,000 after acquiring an additional 11,312 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its position in shares of Calix by 97.3% during the fourth quarter. Alambic Investment Management L.P. now owns 28,807 shares of the communications equipment provider’s stock valued at $281,000 after acquiring an additional 14,207 shares during the last quarter. 63.28% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Donald J. Listwin acquired 12,500 shares of Calix stock in a transaction on Thursday, February 14th. The stock was acquired at an average cost of $8.04 per share, with a total value of $100,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cory Sindelar acquired 10,000 shares of Calix stock in a transaction on Friday, February 8th. The shares were purchased at an average cost of $7.53 per share, with a total value of $75,300.00. Following the completion of the acquisition, the chief financial officer now owns 44,000 shares of the company’s stock, valued at approximately $331,320. The disclosure for this purchase can be found here. Insiders have purchased 122,500 shares of company stock valued at $924,800 over the last ninety days. 18.57% of the stock is currently owned by company insiders.
CALX has been the subject of a number of research analyst reports. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, February 5th. ValuEngine downgraded Calix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.92.
Shares of CALX opened at $6.84 on Friday. Calix Inc has a 12 month low of $6.00 and a 12 month high of $11.30.
Calix (NYSE:CALX) last issued its quarterly earnings results on Tuesday, February 5th. The communications equipment provider reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.13). The business had revenue of $115.52 million for the quarter, compared to analysts’ expectations of $124.95 million. Calix had a negative net margin of 4.37% and a negative return on equity of 12.08%. On average, research analysts predict that Calix Inc will post 0.11 earnings per share for the current fiscal year.
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Calix Company Profile
Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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