Y Intercept Hong Kong Ltd Invests $776,000 in Calix, Inc. (NYSE:CALX)

Y Intercept Hong Kong Ltd bought a new stake in Calix, Inc. (NYSE:CALX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,995 shares of the communications equipment provider’s stock, valued at approximately $776,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Calix by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,793,545 shares of the communications equipment provider’s stock valued at $63,546,000 after acquiring an additional 45,656 shares in the last quarter. Congress Asset Management Co. increased its stake in Calix by 30.1% during the 3rd 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 in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in 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 worth $47,366,000 after buying an additional 115,500 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of Calix by 9.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 812,053 shares of the communications equipment provider’s stock valued at $28,771,000 after buying an additional 68,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Calix by 2.1% during 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 buying an additional 12,637 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Calix Trading Down 0.8 %

Shares of CALX opened at $35.11 on Friday. The stock has a 50 day moving average of $34.96 and a 200 day moving average of $35.90. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -146.29 and a beta of 1.70. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $45.15.

Calix (NYSE:CALX) last announced its earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $200.95 million during the quarter, compared to analyst estimates 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 was down 23.8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. As a group, equities research analysts predict that Calix, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Calix in a report on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price objective on shares of Calix in a research note on Thursday, October 3rd. Finally, StockNews.com raised Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. 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 has an average rating of “Moderate Buy” and an average price target of $42.50.

Calix Company 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.