Voce Capital Management LLC Acquires 110,738 Shares of Calix Inc (NYSE:CALX)

Voce Capital Management LLC boosted its holdings in shares of Calix Inc (NYSE:CALX) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,363,782 shares of the communications equipment provider’s stock after buying an additional 110,738 shares during the quarter. Calix accounts for 4.7% of Voce Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Voce Capital Management LLC owned approximately 2.46% of Calix worth $8,946,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Calix by 1,033.8% in the 2nd quarter. US Bancorp DE now owns 4,093 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 3,732 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Calix in the 2nd quarter valued at $25,000. Strs Ohio raised its holdings in shares of Calix by 7.4% in the 2nd quarter. Strs Ohio now owns 86,700 shares of the communications equipment provider’s stock valued at $568,000 after purchasing an additional 6,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Calix by 966.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,309 shares of the communications equipment provider’s stock valued at $72,000 after purchasing an additional 8,436 shares in the last quarter. Finally, Signaturefd LLC acquired a new stake in shares of Calix in the 2nd quarter valued at $57,000. Institutional investors own 66.26% of the company’s stock.

Shares of CALX traded down $0.08 during midday trading on Tuesday, reaching $6.17. The stock had a trading volume of 155,347 shares, compared to its average volume of 208,921. Calix Inc has a 1-year low of $5.60 and a 1-year high of $11.30. The company’s fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $6.69. The company has a market cap of $342.62 million, a price-to-earnings ratio of -18.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.80.



Calix (NYSE:CALX) last posted its earnings results on Tuesday, July 23rd. The communications equipment provider reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $100.30 million for the quarter, compared to the consensus estimate of $99.95 million. Calix had a negative net margin of 4.66% and a negative return on equity of 8.70%. On average, sell-side analysts forecast that Calix Inc will post -0.13 earnings per share for the current year.

A number of brokerages have recently weighed in on CALX. Northland Securities restated a “buy” rating and issued a $8.50 price objective on shares of Calix in a report on Thursday, July 25th. Zacks Investment Research lowered shares of Calix from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $8.38.

In related news, Director Donald J. Listwin bought 19,180 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average cost of $6.40 per share, with a total value of $122,752.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J Daniel Plants bought 14,346 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $5.88 per share, for a total transaction of $84,354.48. The disclosure for this purchase can be found here. Insiders purchased a total of 94,478 shares of company stock worth $567,898 over the last ninety days. Insiders own 18.57% of the company’s stock.

Calix Company Profile

Calix, Inc, together with its subsidiaries, provides cloud and software platforms, systems and services required to deliver the unified access network. The company's cloud and software platforms, systems, and services enable communication service providers (CSP) to provide a range of services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.

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Institutional Ownership by Quarter for Calix (NYSE:CALX)

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