Choreo LLC Decreases Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Choreo LLC reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,175 shares of the basic materials company’s stock after selling 1,111 shares during the period. Choreo LLC’s holdings in Cal-Maine Foods were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in CALM. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods in the third quarter worth approximately $29,000. Quarry LP increased its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 189 shares during the period. GAMMA Investing LLC boosted its stake in shares of Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC increased its holdings in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after buying an additional 1,118 shares during the last quarter. Finally, KBC Group NV increased its stake in Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 629 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares of the company’s stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Stock Down 12.4 %

Shares of NASDAQ:CALM opened at $95.10 on Friday. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 7.40 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $54.88 and a fifty-two week high of $116.41. The firm’s 50-day simple moving average is $106.92 and its 200-day simple moving average is $90.55.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. Cal-Maine Foods’s revenue was up 82.5% compared to the same quarter last year. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.