Mutual of America Capital Management LLC Reduces Stock Holdings in Calix, Inc. (NYSE:CALX)

Mutual of America Capital Management LLC lowered its holdings in shares of Calix, Inc. (NYSE:CALX) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,809 shares of the communications equipment provider’s stock after selling 777 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Calix were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CALX. GAMMA Investing LLC raised its stake in shares of Calix by 187.9% in the third quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 436 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Calix during the third quarter valued at about $34,000. Arcadia Investment Management Corp MI acquired a new stake in Calix in the third quarter worth about $39,000. 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 worth $54,000 after buying an additional 318 shares during the last quarter. Finally, Ariadne Wealth Management LP purchased a new position in Calix in the second quarter valued at $60,000. Institutional investors own 98.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CALX shares. Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Calix in a research note on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Calix Trading Down 0.5 %

Shares of CALX opened at $32.13 on Friday. The company’s 50-day moving average price is $36.04 and its 200 day moving average price is $35.75. Calix, Inc. has a 12-month low of $26.76 and a 12-month high of $45.15. The firm has a market cap of $2.13 billion, a P/E ratio of -133.88 and a beta of 1.75.

Calix (NYSE:CALX) last released its quarterly earnings results on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $200.95 million for the quarter, compared to the consensus estimate of $201.06 million. Calix had a negative net margin of 1.79% and a positive return on equity of 1.33%. The business’s revenue was down 23.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Equities research analysts forecast that Calix, Inc. will post -0.34 earnings per share for the current year.

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.