Calix, Inc. (NYSE:CALX) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC increased its holdings in Calix, Inc. (NYSE:CALX) by 998.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,186 shares of the communications equipment provider’s stock after purchasing an additional 1,078 shares during the period. Avior Wealth Management LLC’s holdings in Calix were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CALX. Vanguard Group Inc. lifted its stake in shares of Calix by 14.0% during the first quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock worth $242,852,000 after purchasing an additional 900,713 shares in the last quarter. Divisar Capital Management LLC acquired a new stake in Calix during the second quarter valued at approximately $15,876,000. Congress Asset Management Co. raised its stake in Calix by 30.1% during the third quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after buying an additional 361,805 shares in the last quarter. Squarepoint Ops LLC raised its stake in Calix by 82.7% during the second quarter. Squarepoint Ops LLC now owns 300,346 shares of the communications equipment provider’s stock valued at $10,641,000 after buying an additional 135,916 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its holdings in shares of Calix by 9.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock valued at $47,366,000 after purchasing an additional 115,500 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Price Performance

Shares of CALX stock opened at $33.23 on Monday. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -138.46 and a beta of 1.75. The business has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $35.73.

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

Analyst Upgrades and Downgrades

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