Versor Investments LP Sells 800 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Versor Investments LP reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,224 shares of the basic materials company’s stock after selling 800 shares during the quarter. Versor Investments LP’s holdings in Cal-Maine Foods were worth $332,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Cal-Maine Foods in the third quarter worth about $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 worth $58,000 after buying an additional 189 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC boosted its stake in 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 buying an additional 1,118 shares in the last quarter. Finally, KBC Group NV grew its position 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 acquiring an additional 629 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $90.46 on Tuesday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 7.04 and a beta of -0.12. The stock has a fifty day moving average price of $103.68 and a two-hundred day moving average price of $92.25. Cal-Maine Foods, Inc. has a 52-week low of $55.00 and a 52-week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. As a group, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Activity

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 transaction, the director now 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stephens restated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, February 27th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.