Voce Capital Management buys $4,608,806 stake in Calix Inc (CALX)

Calix Inc (CALX) : Voce Capital Management scooped up 35,127 additional shares in Calix Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 590,116 shares of Calix Inc which is valued at $4,608,806.Calix Inc makes up approximately 5.04% of Voce Capital Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in CALX by selling 43,459 shares or 25.18% in the most recent quarter. The Hedge Fund company now holds 129,114 shares of CALX which is valued at $1,008,380. Tower Research Capital (trc) added CALX to its portfolio by purchasing 2,694 company shares during the most recent quarter which is valued at $21,040.Blackrock Investment Management boosted its stake in CALX in the latest quarter, The investment management firm added 5,019 additional shares and now holds a total of 175,770 shares of Calix Inc which is valued at $1,372,764.California Public Employees Retirement System reduced its stake in CALX by selling 4,300 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 199,800 shares of CALX which is valued at $1,624,374.

Calix Inc opened for trading at $7.44 and hit $7.55 on the upside on Thursday, eventually ending the session at $7.5, with a gain of 0.81% or 0.06 points. The heightened volatility saw the trading volume jump to 1,05,981 shares. Company has a market cap of $366 M.

On the company’s financial health, Calix Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.06. The company had revenue of $107.40 million for the quarter, compared to analysts expectations of $106.20 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Calix Inc. is a provider of 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 revenue-generating services from basic voice and data to advanced broadband services over legacy and next-generation access networks. It focuses solely on CSP access networks the portion of the network that governs available bandwidth and determines the range and quality of services that can be offered to subscribers. The Company develops and sells carrier-class hardware and software products which it refers to as the Unified Access portfolio that is designed to enhance and transform CSP access networks to meet the demands of subscribers.

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