Harbour Capital Advisors LLC Increases Position in Calix, Inc. (NYSE:CALX)

Harbour Capital Advisors LLC boosted its holdings in shares of Calix, Inc. (NYSE:CALX) by 52.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,450 shares of the communications equipment provider’s stock after purchasing an additional 3,575 shares during the period. Harbour Capital Advisors LLC’s holdings in Calix were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CALX. TFO Wealth Partners LLC lifted its stake in shares of Calix by 13,787.5% in the 4th quarter. TFO Wealth Partners LLC now owns 1,111 shares of the communications equipment provider’s stock worth $49,000 after acquiring an additional 1,103 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Calix by 18.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,232 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 348 shares during the period. Assetmark Inc. lifted its stake in shares of Calix by 41.5% in the 4th quarter. Assetmark Inc. now owns 2,233 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 655 shares during the period. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Calix in the 4th quarter worth $142,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Calix in the 3rd quarter worth $188,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Calix Trading Up 0.1 %

NYSE:CALX opened at $35.43 on Friday. The firm has a 50-day moving average price of $32.65 and a two-hundred day moving average price of $35.57. Calix, Inc. has a twelve month low of $26.76 and a twelve month high of $51.74. The company has a market capitalization of $2.32 billion, a P/E ratio of 114.29 and a beta of 1.75.

Calix (NYSE:CALX) last posted its earnings results on Monday, April 22nd. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Calix had a net margin of 2.19% and a return on equity of 6.64%. The firm had revenue of $226.31 million during the quarter, compared to the consensus estimate of $228.01 million. On average, equities research analysts predict that Calix, Inc. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Roth Mkm restated a “buy” rating and issued a $50.00 target price on shares of Calix in a research note on Monday, April 22nd. Jefferies Financial Group cut shares of Calix from a “buy” rating to a “hold” rating and reduced their price objective for the company from $48.00 to $30.00 in a research note on Thursday, April 25th. Craig Hallum reduced their price objective on shares of Calix from $48.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Rosenblatt Securities reduced their price objective on shares of Calix from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, StockNews.com cut shares of Calix from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.50.

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.