Mercer Global Advisors Inc. ADV Takes Position in Calix, Inc. (NYSE:CALX)

Mercer Global Advisors Inc. ADV acquired a new position in Calix, Inc. (NYSE:CALX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,966 shares of the communications equipment provider's stock, valued at approximately $208,000.

Other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Calix by 29.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,558 shares of the communications equipment provider's stock valued at $54,000 after acquiring an additional 358 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Calix by 8.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,224 shares of the communications equipment provider's stock valued at $217,000 after acquiring an additional 465 shares during the period. Atria Investments Inc grew its holdings in Calix by 7.1% in the 4th quarter. Atria Investments Inc now owns 7,120 shares of the communications equipment provider's stock worth $248,000 after acquiring an additional 469 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Calix by 367.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 814 shares of the communications equipment provider's stock worth $28,000 after acquiring an additional 640 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Calix by 9.2% in the 4th quarter. Inspire Investing LLC now owns 11,613 shares of the communications equipment provider's stock worth $405,000 after acquiring an additional 978 shares during the last quarter. 98.14% of the stock is currently owned by institutional investors.

Calix Price Performance

CALX stock traded up $0.72 during trading on Monday, hitting $46.15. 547,962 shares of the stock traded hands, compared to its average volume of 692,243. Calix, Inc. has a 1 year low of $28.61 and a 1 year high of $46.19. The firm's 50 day moving average is $37.30 and its two-hundred day moving average is $36.37. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -102.55 and a beta of 1.38.

Calix (NYSE:CALX - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The communications equipment provider reported $0.19 EPS for the quarter, beating 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 company had revenue of $220.20 million for the quarter, compared to the consensus estimate of $206.98 million. During the same period in the prior year, the firm posted $0.21 EPS. As a group, analysts anticipate that Calix, Inc. will post -0.43 EPS for the current fiscal year.

Calix declared that its board has authorized a stock repurchase plan on Monday, April 21st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 4.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Carl Russo sold 25,000 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $39.59, for a total transaction of $989,750.00. Following the completion of the transaction, the director now directly owns 2,139,188 shares of the company's stock, valued at $84,690,452.92. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.90% of the company's stock.

Analyst Ratings Changes

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

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.