Yorktown Management & Research Co Inc Invests $314,000 in Calix, Inc. (NYSE:CALX)

Yorktown Management & Research Co Inc bought a new position in Calix, Inc. (NYSE:CALX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 9,000 shares of the communications equipment provider’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Calix by 187.9% during the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 436 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Calix during the 3rd quarter valued at $34,000. Arcadia Investment Management Corp MI purchased a new position in Calix during the 3rd quarter valued at $39,000. Avior Wealth Management LLC raised its position in Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Calix by 29.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,385 shares of the communications equipment provider’s stock valued at $54,000 after purchasing an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

CALX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. 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 data from MarketBeat.com, Calix presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Trading Up 2.9 %

CALX opened at $40.75 on Wednesday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -90.54 and a beta of 1.70. Calix, Inc. has a 12 month low of $26.76 and a 12 month high of $41.97. The stock has a fifty day moving average price of $36.06 and a 200-day moving average price of $36.35.

Calix (NYSE:CALX) last released its quarterly 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 return on equity of 3.43% and a negative net margin of 3.58%. On average, equities research analysts forecast that Calix, Inc. will post -0.34 EPS for the current year.

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.