Calix Inc (CALX) Shares Sold by Cutler Group LP
Cutler Group LP decreased its holdings in shares of Calix Inc (NYSE:CALX) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,578 shares of the communications equipment provider’s stock after selling 9,122 shares during the quarter. Cutler Group LP’s holdings in Calix were worth $112,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CALX. Alambic Investment Management L.P. acquired a new position in Calix during the third quarter worth about $118,000. FNY Investment Advisers LLC acquired a new position in Calix during the fourth quarter worth about $156,000. MetLife Investment Advisors LLC raised its stake in Calix by 54.5% during the third quarter. MetLife Investment Advisors LLC now owns 33,204 shares of the communications equipment provider’s stock worth $269,000 after acquiring an additional 11,718 shares in the last quarter. Jane Street Group LLC acquired a new position in Calix during the third quarter worth about $324,000. Finally, Worth Venture Partners LLC acquired a new position in Calix during the third quarter worth about $324,000. 62.31% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Michael Matthews sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $9.76, for a total value of $68,320.00. Following the sale, the director now directly owns 99,260 shares in the company, valued at $968,777.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Cory Sindelar bought 10,000 shares of Calix stock in a transaction that occurred on Friday, February 8th. The stock was bought at an average price of $7.53 per share, for a total transaction of $75,300.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,000 shares of the company’s stock, valued at $331,320. The disclosure for this purchase can be found here. Corporate insiders own 18.28% of the company’s stock.
Calix stock opened at $7.48 on Tuesday. Calix Inc has a 1 year low of $6.00 and a 1 year high of $11.30. The company has a market capitalization of $393.16 million, a PE ratio of -22.67, a PEG ratio of 11.75 and a beta of 0.68.
Calix (NYSE:CALX) last released its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Calix had a negative return on equity of 12.31% and a negative net margin of 4.37%. The company had revenue of $115.52 million during the quarter, compared to the consensus estimate of $124.95 million. Analysts expect that Calix Inc will post 0.11 EPS for the current fiscal year.
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Calix, Inc, together with its subsidiaries, develops, markets, and sells software platforms, systems, and software for fiber- and copper-based network architectures that enable communications service providers (CSPs) to access networks. Its portfolio consists of E-Series access systems and nodes, B-Series access nodes, C-Series multiservice access system, and P-Series optical network terminals and residential gateways.
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