Townsquare Capital LLC Buys 26,007 Shares of Calix, Inc. (NYSE:CALX)

Townsquare Capital LLC raised its stake in Calix, Inc. (NYSE:CALX) by 29.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,655 shares of the communications equipment provider’s stock after acquiring an additional 26,007 shares during the period. Townsquare Capital LLC owned approximately 0.17% of Calix worth $4,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mesirow Institutional Investment Management Inc. grew its position in shares of Calix by 8.9% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 358,647 shares of the communications equipment provider’s stock valued at $12,707,000 after purchasing an additional 29,367 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in Calix by 9.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 812,053 shares of the communications equipment provider’s stock valued at $28,771,000 after buying an additional 68,300 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Calix by 28.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 129,359 shares of the communications equipment provider’s stock worth $4,583,000 after acquiring an additional 28,685 shares during the last quarter. Creative Planning bought a new stake in Calix in the 2nd quarter worth approximately $513,000. Finally, Paradigm Capital Management Inc. NY raised its holdings in shares of 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 in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Stock Down 0.5 %

NYSE CALX opened at $32.13 on Friday. Calix, Inc. has a 52 week low of $26.76 and a 52 week high of $45.15. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -133.88 and a beta of 1.75. The company has a fifty day moving average of $36.04 and a two-hundred day moving average of $35.75.

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

Analyst Ratings Changes

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

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.