Calix Inc (CALX) Shares Sold by Aviance Capital Management LLC

Aviance Capital Management LLC reduced its position in Calix Inc (NYSE:CALX) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,289 shares of the communications equipment provider’s stock after selling 14,469 shares during the period. Aviance Capital Management LLC’s holdings in Calix were worth $415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new position in shares of Calix in the 2nd quarter valued at about $156,000. Voce Capital Management LLC lifted its stake in shares of Calix by 13.7% in the 2nd quarter. Voce Capital Management LLC now owns 1,153,044 shares of the communications equipment provider’s stock valued at $8,994,000 after purchasing an additional 139,250 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of Calix in the 2nd quarter valued at about $2,247,000. Intrinsic Edge Capital Management LLC acquired a new position in shares of Calix in the 2nd quarter valued at about $2,340,000. Finally, Global X Management Co LLC lifted its stake in shares of Calix by 18.9% in the 2nd quarter. Global X Management Co LLC now owns 56,807 shares of the communications equipment provider’s stock valued at $443,000 after purchasing an additional 9,049 shares in the last quarter. 62.67% of the stock is currently owned by institutional investors and hedge funds.

In other Calix news, Director Donald J. Listwin bought 12,500 shares of the business’s stock in a transaction on Friday, August 10th. The shares were bought at an average cost of $6.88 per share, with a total value of $86,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin A. Denuccio bought 38,500 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was acquired at an average cost of $6.98 per share, for a total transaction of $268,730.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 54,300 shares of company stock worth $377,380 over the last three months. 18.28% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the company. Jefferies Financial Group reissued a “hold” rating and set a $6.50 price target on shares of Calix in a research report on Wednesday, August 8th. ValuEngine raised Calix from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Calix presently has an average rating of “Buy” and a consensus target price of $7.67.

Calix stock opened at $7.30 on Thursday. Calix Inc has a one year low of $5.20 and a one year high of $9.05.

Calix (NYSE:CALX) last released its quarterly earnings results on Tuesday, August 7th. The communications equipment provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $111.70 million for the quarter, compared to analyst estimates of $113.70 million. Calix had a negative return on equity of 30.28% and a negative net margin of 9.47%. On average, equities research analysts predict that Calix Inc will post -0.22 earnings per share for the current year.

About Calix

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.

Further Reading: Balanced Fund

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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