TradeLink Capital LLC Makes New Investment in Calix, Inc. (NYSE:CALX)

TradeLink Capital LLC purchased a new position in Calix, Inc. (NYSE:CALX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,583 shares of the communications equipment provider’s stock, valued at approximately $299,000. Calix makes up approximately 2.9% of TradeLink Capital LLC’s investment portfolio, making the stock its 11th biggest holding.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Calix by 5.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 129,608 shares of the communications equipment provider’s stock valued at $5,027,000 after buying an additional 6,984 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Calix by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 287,509 shares of the communications equipment provider’s stock valued at $10,025,000 after buying an additional 10,393 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of Calix during the 4th quarter valued at about $314,000. HighTower Advisors LLC purchased a new stake in shares of Calix during the 3rd quarter valued at about $3,513,000. Finally, Geode Capital Management LLC raised its position 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 valued at $51,661,000 after buying an additional 14,725 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Price Performance

Calix stock opened at $32.00 on Friday. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50. The firm has a market capitalization of $2.13 billion, a P/E ratio of -71.10 and a beta of 1.78. The company’s 50-day moving average is $37.95 and its 200 day moving average is $36.54.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative return on equity of 3.43% and a negative net margin of 3.58%. Research analysts anticipate that Calix, Inc. will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $38.15, for a total value of $953,750.00. Following the transaction, the director now directly owns 2,164,188 shares in the company, valued at $82,563,772.20. This represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.69% of the company’s stock.

Wall Street Analyst Weigh In

CALX has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of 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 restated a “buy” rating and set a $45.00 target price on shares of Calix in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Calix currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

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.