Calix Inc (CALX) is Nokomis Capital L.L.C.’s 4th Largest Position
Nokomis Capital L.L.C. grew its position in shares of Calix Inc (NYSE:CALX) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,086,833 shares of the communications equipment provider’s stock after buying an additional 335,674 shares during the quarter. Calix makes up about 5.5% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 4th biggest position. Nokomis Capital L.L.C. owned 0.08% of Calix worth $24,317,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of CALX. GSA Capital Partners LLP bought a new stake in Calix during the third quarter worth about $114,000. Dynamic Technology Lab Private Ltd bought a new stake in Calix during the third quarter worth about $119,000. Simplex Trading LLC bought a new stake in Calix during the fourth quarter worth about $135,000. Paloma Partners Management Co bought a new stake in Calix during the fourth quarter worth about $145,000. Finally, Voya Investment Management LLC grew its stake in Calix by 15.5% during the second quarter. Voya Investment Management LLC now owns 27,603 shares of the communications equipment provider’s stock worth $189,000 after buying an additional 3,696 shares during the last quarter. 64.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Calix Inc (NYSE CALX) opened at $6.90 on Wednesday. Calix Inc has a 52 week low of $4.65 and a 52 week high of $7.40. The company has a market cap of $347.72, a P/E ratio of -4.18 and a beta of 0.66.
Several brokerages have weighed in on CALX. Zacks Investment Research raised shares of Calix from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine cut shares of Calix from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Northland Securities raised shares of Calix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 14th. Finally, BidaskClub raised shares of Calix from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.50.
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Calix Company Profile
Calix, Inc provides broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), to transform their networks and connect to their residential and business subscribers. The Company enables CSPs to provide various services, from basic voice and data to advanced broadband services, over legacy and next-generation access networks.
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