Citadel Advisors LLC lowered its position in Calix Inc (NYSE:CALX) by 58.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,008 shares of the communications equipment provider’s stock after selling 45,819 shares during the quarter. Citadel Advisors LLC owned approximately 0.06% of Calix worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Calix by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 159,836 shares of the communications equipment provider’s stock valued at $1,159,000 after purchasing an additional 9,918 shares during the period. Geode Capital Management LLC boosted its stake in shares of Calix by 2.3% during the first quarter. Geode Capital Management LLC now owns 309,607 shares of the communications equipment provider’s stock valued at $2,244,000 after purchasing an additional 7,015 shares during the period. Divisar Capital Management LLC boosted its stake in shares of Calix by 479.1% during the second quarter. Divisar Capital Management LLC now owns 1,073,236 shares of the communications equipment provider’s stock valued at $7,352,000 after purchasing an additional 887,915 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Calix by 80.6% during the third quarter. Wedge Capital Management L L P NC now owns 133,300 shares of the communications equipment provider’s stock valued at $673,000 after purchasing an additional 59,500 shares during the period. Finally, First Midwest Bank Trust Division boosted its stake in shares of Calix by 34.8% during the third quarter. First Midwest Bank Trust Division now owns 76,110 shares of the communications equipment provider’s stock valued at $384,000 after purchasing an additional 19,630 shares during the period. 67.13% of the stock is owned by institutional investors and hedge funds.

Calix Inc (NYSE CALX) opened at $6.65 on Friday. Calix Inc has a twelve month low of $4.65 and a twelve month high of $8.10.

Calix (NYSE:CALX) last announced its earnings results on Tuesday, November 7th. The communications equipment provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.04). The business had revenue of $128.80 million for the quarter, compared to the consensus estimate of $127.92 million. Calix had a negative net margin of 16.19% and a negative return on equity of 43.76%. Calix’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. equities research analysts expect that Calix Inc will post -1.53 EPS for the current year.

A number of analysts have recently weighed in on CALX shares. ValuEngine raised Calix from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Calix from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Jefferies Group restated a “hold” rating and set a $7.00 target price on shares of Calix in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Calix currently has a consensus rating of “Hold” and a consensus price target of $6.50.

In other Calix news, CFO Cory Sindelar bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $6.70 per share, for a total transaction of $33,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 15,000 shares in the company, valued at $100,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.50% of the stock is owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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