Amalgamated Bank Lowers Position in Calix, Inc. (NYSE:CALX)

Amalgamated Bank lowered its holdings in Calix, Inc. (NYSE:CALX) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,266 shares of the communications equipment provider’s stock after selling 576 shares during the period. Amalgamated Bank’s holdings in Calix were worth $670,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Calix by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 7,323,628 shares of the communications equipment provider’s stock valued at $242,852,000 after buying an additional 900,713 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Calix by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,793,545 shares of the communications equipment provider’s stock valued at $63,546,000 after buying an additional 45,656 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of Calix by 30.1% during the 3rd quarter. Congress Asset Management Co. now owns 1,565,471 shares of the communications equipment provider’s stock valued at $60,725,000 after buying an additional 361,805 shares in the last quarter. Paradigm Capital Management Inc. NY grew its position in Calix by 9.5% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,336,900 shares of the communications equipment provider’s stock worth $47,366,000 after acquiring an additional 115,500 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in Calix by 23.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,164,049 shares of the communications equipment provider’s stock worth $38,600,000 after acquiring an additional 219,699 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Stock Performance

Shares of CALX stock opened at $29.31 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of -122.13 and a beta of 1.75. Calix, Inc. has a fifty-two week low of $26.76 and a fifty-two week high of $45.15. The business’s 50 day moving average price is $36.64 and its 200-day moving average price is $35.57.

Calix (NYSE:CALX) last issued its quarterly earnings data on Monday, October 28th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping 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 firm had revenue of $200.95 million for the quarter, compared to analyst estimates of $201.06 million. During the same period last year, the company earned $0.25 EPS. The business’s quarterly revenue was down 23.8% compared to the same quarter last year. As a group, equities analysts predict that Calix, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CALX shares. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Calix in a research report on Tuesday, October 29th. Roth Mkm raised their price target on Calix from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Craig Hallum raised their price target on Calix from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. StockNews.com upgraded Calix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on Calix from $28.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.