Jefferies Financial Group Inc. Sells 23,906 Shares of Calix, Inc. (NYSE:CALX)

Jefferies Financial Group Inc. cut its holdings in Calix, Inc. (NYSE:CALX - Free Report) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,400 shares of the communications equipment provider's stock after selling 23,906 shares during the period. Jefferies Financial Group Inc. owned 0.10% of Calix worth $2,350,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Graham Capital Management L.P. acquired a new position in shares of Calix in the 4th quarter worth approximately $689,000. G2 Investment Partners Management LLC boosted its holdings in shares of Calix by 7.7% in the 4th quarter. G2 Investment Partners Management LLC now owns 112,994 shares of the communications equipment provider's stock worth $3,940,000 after acquiring an additional 8,065 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Calix in the 4th quarter worth approximately $3,844,000. Divisadero Street Capital Management LP acquired a new position in shares of Calix in the 4th quarter worth approximately $5,396,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Calix by 711.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 436,036 shares of the communications equipment provider's stock worth $15,205,000 after acquiring an additional 382,301 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Price Performance

CALX traded up $0.18 during trading on Friday, hitting $45.43. 732,373 shares of the stock traded hands, compared to its average volume of 691,680. Calix, Inc. has a twelve month low of $28.61 and a twelve month high of $45.62. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -100.95 and a beta of 1.38. The business has a 50 day moving average price of $37.03 and a 200 day moving average price of $36.29.

Calix (NYSE:CALX - Get Free Report) last announced 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. The company had revenue of $220.20 million during the quarter, compared to the consensus estimate of $206.98 million. Calix had a negative net margin of 3.58% and a negative return on equity of 3.43%. During the same period in the prior year, the business earned $0.21 earnings per share. On average, equities research analysts predict that Calix, Inc. will post -0.43 earnings per share for the current year.

Calix announced that its board has approved a stock buyback plan on Monday, April 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the communications equipment provider to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Calix news, Director Carl Russo sold 25,000 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $39.59, for a total value of $989,750.00. Following the completion of the sale, the director now owns 2,139,188 shares in the company, valued at approximately $84,690,452.92. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.90% of the stock is currently owned by company insiders.

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.