Renaissance Technologies LLC lowered its position in shares of Calix Inc (NYSE:CALX) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,639,200 shares of the communications equipment provider’s stock after selling 74,300 shares during the quarter. Renaissance Technologies LLC owned about 5.24% of Calix worth $15,703,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Victory Capital Management Inc. bought a new position in shares of Calix during the fourth quarter valued at approximately $1,499,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Calix by 50.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 400,062 shares of the communications equipment provider’s stock valued at $2,380,000 after purchasing an additional 133,528 shares during the last quarter. Aviance Capital Management LLC bought a new position in shares of Calix during the fourth quarter valued at approximately $470,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Calix during the third quarter valued at approximately $298,000. Finally, State Street Corp grew its holdings in shares of Calix by 7.9% during the second quarter. State Street Corp now owns 791,110 shares of the communications equipment provider’s stock valued at $5,421,000 after purchasing an additional 57,658 shares during the last quarter. Hedge funds and other institutional investors own 64.85% of the company’s stock.
Several equities analysts have recently commented on CALX shares. Zacks Investment Research raised Calix from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Tuesday. Drexel Hamilton reaffirmed a “buy” rating and set a $8.50 target price on shares of Calix in a report on Wednesday, March 21st. ValuEngine raised Calix from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Northland Securities raised Calix from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Calix has a consensus rating of “Buy” and a consensus target price of $7.25.
Calix (NYSE:CALX) last issued its quarterly earnings data on Tuesday, February 13th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Calix had a negative return on equity of 48.53% and a negative net margin of 16.27%. The business had revenue of $137.90 million during the quarter, compared to the consensus estimate of $142.34 million. analysts anticipate that Calix Inc will post -0.2 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Renaissance Technologies LLC Cuts Holdings in Calix Inc (CALX)” was first reported by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/03/31/renaissance-technologies-llc-cuts-holdings-in-calix-inc-calx.html.
Calix Company Profile
Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
Want to see what other hedge funds are holding CALX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calix Inc (NYSE:CALX).
Receive News & Ratings for Calix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calix and related companies with MarketBeat.com's FREE daily email newsletter.