Jane Street Group LLC Reduces Stock Position in Calix, Inc. (NYSE:CALX)

Jane Street Group LLC cut its stake in Calix, Inc. (NYSE:CALX) by 65.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,594 shares of the communications equipment provider’s stock after selling 60,080 shares during the quarter. Jane Street Group LLC’s holdings in Calix were worth $1,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Calix by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 201,139 shares of the communications equipment provider’s stock worth $7,802,000 after purchasing an additional 2,231 shares during the period. Stifel Financial Corp lifted its holdings in shares of Calix by 113.2% in the third quarter. Stifel Financial Corp now owns 17,588 shares of the communications equipment provider’s stock worth $682,000 after buying an additional 9,339 shares in the last quarter. Polar Asset Management Partners Inc. boosted its position in shares of 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 valued at $21,734,000 after acquiring an additional 27,900 shares during the period. Needham Investment Management LLC grew its stake in Calix by 42.9% during the third quarter. Needham Investment Management LLC now owns 250,000 shares of the communications equipment provider’s stock valued at $9,698,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Calix by 200.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 344,514 shares of the communications equipment provider’s stock worth $13,364,000 after acquiring an additional 229,871 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CALX has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Calix in a report on Tuesday, October 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price objective on shares of Calix in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Calix Stock Performance

Calix stock opened at $34.95 on Friday. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The stock has a market cap of $2.32 billion, a P/E ratio of -145.63 and a beta of 1.70. The firm’s fifty day moving average price is $34.36 and its 200-day moving average price is $35.90.

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

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.