Navellier & Associates Inc. Purchases Shares of 18,832 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Navellier & Associates Inc. purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,832 shares of the basic materials company’s stock, valued at approximately $1,938,000.

Other hedge funds and other institutional investors 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 3rd quarter valued at $29,000. Quarry LP raised 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 valued at $58,000 after purchasing an additional 189 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 267 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 1,118 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Cal-Maine Foods by 59.8% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM opened at $90.96 on Friday. The company’s fifty day moving average price is $105.58 and its 200 day moving average price is $91.14. Cal-Maine Foods, Inc. has a 12 month low of $54.88 and a 12 month high of $116.41. The firm has a market capitalization of $4.46 billion, a P/E ratio of 7.08 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $751.50 million. During the same period last year, the business earned $0.35 EPS. Cal-Maine Foods’s revenue for the quarter was up 82.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.