LVW Advisors LLC Makes New Investment in Calix, Inc. (NYSE:CALX)

LVW Advisors LLC acquired a new stake in shares of Calix, Inc. (NYSE:CALX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,365 shares of the communications equipment provider's stock, valued at approximately $226,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CALX. Pacer Advisors Inc. boosted its holdings in Calix by 29.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after purchasing an additional 358 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Calix by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock worth $217,000 after purchasing an additional 465 shares during the period. Atria Investments Inc boosted its position in shares of Calix by 7.1% during the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider's stock worth $248,000 after purchasing an additional 469 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Calix by 367.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after buying an additional 640 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of 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 purchasing an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $39.59, for a total value of $989,750.00. Following the transaction, the director now owns 2,139,188 shares of the company's stock, valued at $84,690,452.92. This represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is owned by corporate insiders.

Calix Stock Up 0.5%

NYSE CALX traded up $0.25 during trading on Thursday, reaching $47.52. 727,429 shares of the stock traded hands, compared to its average volume of 687,707. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -105.60 and a beta of 1.35. The stock's 50-day moving average price is $40.15 and its 200 day moving average price is $37.48. Calix, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $48.27.

Calix (NYSE:CALX - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. The business had revenue of $220.20 million for the quarter, compared to analyst estimates of $206.98 million. During the same quarter last year, the business posted $0.21 EPS. Analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix declared that its board has authorized a share buyback program on Monday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $53.00 target price on shares of Calix in a report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of Calix in a research report on Tuesday, April 22nd. Roth Capital set a $50.00 price objective on shares of Calix and gave the company a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of Calix from $34.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Finally, Rosenblatt Securities boosted their price objective on shares of Calix from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.83.

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.