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

Yorktown Management & Research Co Inc bought a new stake in Calix, Inc. (NYSE:CALX - Free Report) in the 4th quarter, according to the company in its most recent 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.

A number of other institutional investors have also added to or reduced their stakes in CALX. Congress Asset Management Co. increased its position in shares of 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 purchasing an additional 361,805 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Calix by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,331,565 shares of the communications equipment provider's stock worth $51,661,000 after acquiring an additional 14,725 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Calix by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,146 shares of the communications equipment provider's stock valued at $23,318,000 after acquiring an additional 12,637 shares during the period. Polar Asset Management Partners Inc. raised its position in Calix by 5.2% in the third quarter. Polar Asset Management Partners Inc. now owns 560,300 shares of the communications equipment provider's stock worth $21,734,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Calix by 34.8% during the third quarter. Rockefeller Capital Management L.P. now owns 410,463 shares of the communications equipment provider's stock worth $15,921,000 after purchasing an additional 105,969 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Price Performance

Shares of CALX stock traded down $0.66 during trading hours on Friday, reaching $41.08. The company had a trading volume of 545,321 shares, compared to its average volume of 617,298. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50. The company has a 50 day moving average of $36.62 and a 200 day moving average of $36.45. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -91.28 and a beta of 1.70.

Calix (NYSE:CALX - Get Free Report) last issued its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. As a group, sell-side analysts forecast that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on CALX shares. JPMorgan Chase & Co. raised their price objective on shares of Calix from $38.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Calix in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

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.