Yousif Capital Management LLC Cuts Stock Position in Calix, Inc. (NYSE:CALX)

Yousif Capital Management LLC decreased its stake in shares of Calix, Inc. (NYSE:CALX) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,331 shares of the communications equipment provider’s stock after selling 385 shares during the quarter. Yousif Capital Management LLC’s holdings in Calix were worth $779,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Calix by 187.9% in the 3rd quarter. GAMMA Investing LLC now owns 668 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 436 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Calix in the third quarter worth approximately $34,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Calix during the third quarter valued at approximately $39,000. Avior Wealth Management LLC increased its position in shares of Calix by 998.1% during the third quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after acquiring an additional 358 shares during the last quarter. 98.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CALX shares. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Calix in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Calix from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Calix Stock Performance

Shares of NYSE:CALX opened at $39.84 on Friday. Calix, Inc. has a 52-week low of $26.76 and a 52-week high of $42.50. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -88.53 and a beta of 1.70. The stock’s 50-day simple moving average is $37.37 and its two-hundred day simple moving average is $36.58.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. As a group, equities analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current fiscal 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.