Alliance Wealth Advisors LLC UT Acquires 375 Shares of Calix, Inc. (NYSE:CALX)

Alliance Wealth Advisors LLC UT increased its holdings in shares of Calix, Inc. (NYSE:CALX) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,780 shares of the communications equipment provider’s stock after acquiring an additional 375 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Calix were worth $384,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CALX. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Calix by 194.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,531 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 1,011 shares in the last quarter. Assetmark Inc. increased its stake in Calix by 31.9% in the third quarter. Assetmark Inc. now owns 1,578 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 382 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Calix during the third quarter worth $111,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of Calix during the fourth quarter worth $142,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Calix during the third quarter worth $188,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

NYSE:CALX traded up $0.17 during mid-day trading on Friday, hitting $28.40. 604,549 shares of the company’s stock were exchanged, compared to its average volume of 919,749. Calix, Inc. has a one year low of $26.76 and a one year high of $53.90. The business has a fifty day moving average price of $32.79 and a 200 day moving average price of $37.21. The company has a market cap of $1.86 billion, a PE ratio of 91.61 and a beta of 1.65.

Calix (NYSE:CALX) last issued its earnings results on Tuesday, January 30th. The communications equipment provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $264.73 million for the quarter, compared to the consensus estimate of $264.41 million. Calix had a net margin of 2.19% and a return on equity of 6.64%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities analysts forecast that Calix, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CALX. StockNews.com lowered shares of Calix from a “hold” rating to a “sell” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Calix in a research report on Tuesday, April 23rd. Craig Hallum decreased 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. Rosenblatt Securities decreased 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, Roth Mkm restated a “buy” rating and set a $50.00 price target on shares of Calix in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.33.

About Calix

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.