Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Assetmark Inc.

Assetmark Inc. cut its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 75,006 shares of the basic materials company’s stock after selling 2,727 shares during the period. Assetmark Inc.’s holdings in Cal-Maine Foods were worth $7,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Cal-Maine Foods in the third quarter valued at approximately $29,000. Asset Management One Co. Ltd. purchased a new stake in Cal-Maine Foods in the 3rd quarter valued at $212,000. Crossmark Global Holdings Inc. acquired a new stake in Cal-Maine Foods during the 3rd quarter worth $231,000. Los Angeles Capital Management LLC grew its position in Cal-Maine Foods by 1.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 27,871 shares of the basic materials company’s stock worth $2,086,000 after purchasing an additional 330 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Cal-Maine Foods in the third quarter valued at $321,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens reiterated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday.

Cal-Maine Foods Stock Performance

CALM stock opened at $87.18 on Friday. The stock has a market capitalization of $4.27 billion, a PE ratio of 6.78 and a beta of -0.12. The company has a fifty day moving average of $102.63 and a 200-day moving average of $92.25. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41.

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

Insider Activity

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.45% of the company’s stock.

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.