Trexquant Investment LP Sells 6,054 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Trexquant Investment LP cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,731 shares of the basic materials company’s stock after selling 6,054 shares during the quarter. Trexquant Investment LP’s holdings in Cal-Maine Foods were worth $5,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CALM. JPMorgan Chase & Co. grew its position in Cal-Maine Foods by 88.6% during the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock worth $25,457,000 after buying an additional 159,787 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after acquiring an additional 143,189 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Cal-Maine Foods by 652.6% during the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after purchasing an additional 139,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock worth $504,885,000 after purchasing an additional 118,162 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Cal-Maine Foods by 11.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock valued at $102,801,000 after purchasing an additional 104,512 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction dated 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 owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is owned by insiders.

Cal-Maine Foods Stock Down 0.7 %

Shares of CALM stock opened at $92.29 on Friday. The business has a fifty day simple moving average of $95.22 and a 200 day simple moving average of $95.04. The company has a market cap of $4.53 billion, a P/E ratio of 7.18 and a beta of 0.11. Cal-Maine Foods, Inc. has a twelve month low of $55.15 and a twelve month high of $116.41.

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

Analyst Ratings Changes

Several research firms have commented on CALM. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens reissued an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

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.