Jump Financial LLC Has $2.68 Million Holdings in Calix, Inc. (NYSE:CALX)

Jump Financial LLC grew its position in Calix, Inc. (NYSE:CALX) by 159.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 76,963 shares of the communications equipment provider’s stock after acquiring an additional 47,318 shares during the period. Jump Financial LLC owned 0.12% of Calix worth $2,684,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CALX. Smartleaf Asset Management LLC raised its position in Calix by 367.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 640 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Calix by 29.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider’s stock valued at $54,000 after buying an additional 358 shares during the last quarter. FMR LLC boosted its position in Calix by 49.0% during the 3rd quarter. FMR LLC now owns 2,398 shares of the communications equipment provider’s stock worth $93,000 after buying an additional 789 shares during the period. Quantbot Technologies LP bought a new stake in Calix during the 4th quarter worth approximately $84,000. Finally, KBC Group NV increased its position in Calix by 57.8% in the 4th quarter. KBC Group NV now owns 2,772 shares of the communications equipment provider’s stock valued at $97,000 after acquiring an additional 1,015 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Price Performance

Shares of NYSE:CALX opened at $33.80 on Friday. The business’s 50-day moving average is $35.41 and its 200-day moving average is $35.86. Calix, Inc. has a 1 year low of $26.76 and a 1 year high of $42.50. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of -75.12 and a beta of 1.75.

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

Insiders Place Their Bets

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $38.15, for a total value of $953,750.00. Following the transaction, the director now owns 2,164,188 shares in the company, valued at approximately $82,563,772.20. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CALX shares. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Calix in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on Calix from $45.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.