Kornitzer Capital Management Inc. KS Sells 56,045 Shares of Calix, Inc. (NYSE:CALX)

Kornitzer Capital Management Inc. KS decreased its holdings in Calix, Inc. (NYSE:CALX) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,726 shares of the communications equipment provider’s stock after selling 56,045 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Calix were worth $13,032,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Calix in the third quarter valued at approximately $34,000. Arcadia Investment Management Corp MI bought a new stake in shares of Calix during the 3rd quarter valued at $39,000. Avior Wealth Management LLC grew its holdings in shares of Calix by 998.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,186 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 1,078 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 358 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Calix by 42.1% in the third quarter. Farther Finance Advisors LLC now owns 1,763 shares of the communications equipment provider’s stock valued at $68,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CALX shares. JPMorgan Chase & Co. raised their target price on shares of Calix from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Calix in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Calix Trading Down 2.1 %

Calix stock opened at $39.84 on Tuesday. The firm has a market capitalization of $2.64 billion, a PE ratio of -88.53 and a beta of 1.70. Calix, Inc. has a 1-year low of $26.76 and a 1-year high of $42.50. The firm’s 50 day simple moving average is $37.47 and its 200 day simple moving average is $36.56.

Calix (NYSE:CALX) last announced its quarterly earnings data on Wednesday, January 29th. The communications equipment provider reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.31). Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. Research analysts forecast that Calix, Inc. will post -0.43 earnings per share for the current year.

Calix 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.