Xponance Inc. Increases Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Xponance Inc. boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 44.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,871 shares of the basic materials company’s stock after purchasing an additional 1,505 shares during the period. Xponance Inc.’s holdings in Cal-Maine Foods were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CALM. Quarry LP lifted its holdings in shares of Cal-Maine Foods by 32.5% in the 3rd 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 last quarter. Smartleaf Asset Management LLC raised its position in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods in the fourth quarter worth $134,000. GAMMA Investing LLC boosted its position in Cal-Maine Foods by 24.3% during the fourth 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. Finally, Nisa Investment Advisors LLC grew its stake in shares of Cal-Maine Foods by 350.5% during 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. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 0.9 %

Shares of Cal-Maine Foods stock opened at $94.03 on Wednesday. The company’s fifty day simple moving average is $98.39 and its two-hundred day simple moving average is $94.12. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month high of $116.41. The firm has a market cap of $4.61 billion, a PE ratio of 7.32 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results 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. The company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s quarterly revenue was up 82.5% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CALM shares. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens reiterated an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods 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.