Krane Funds Advisors LLC Buys New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Krane Funds Advisors LLC purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, Holdings Channel reports. The institutional investor purchased 5,855 shares of the basic materials company’s stock, valued at approximately $438,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. purchased a new position in Cal-Maine Foods in the second quarter worth approximately $25,000. Hexagon Capital Partners LLC increased its holdings in Cal-Maine Foods by 57.0% in the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after buying an additional 155 shares during the last quarter. Quarry LP raised its stake in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after buying an additional 553 shares in the last quarter. CWM LLC increased its holdings in shares of Cal-Maine Foods by 120.1% in the 2nd quarter. CWM LLC now owns 625 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cal-Maine Foods by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 287 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Michael Todd Walters sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the sale, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at approximately $372,762. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James E. Poole sold 1,500 shares of Cal-Maine Foods stock in a transaction on Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the transaction, the director now directly owns 10,170 shares in the company, valued at $718,510.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael Todd Walters sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total transaction of $210,600.00. Following the transaction, the chief operating officer now owns 5,310 shares of the company’s stock, valued at approximately $372,762. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,000 shares of company stock valued at $422,970. Insiders own 13.51% of the company’s stock.

Cal-Maine Foods Stock Down 1.7 %

Shares of NASDAQ CALM opened at $91.16 on Tuesday. The business has a 50-day moving average price of $75.88 and a 200 day moving average price of $66.65. The stock has a market cap of $4.47 billion, a PE ratio of 16.16 and a beta of -0.10. Cal-Maine Foods, Inc. has a 52-week low of $44.30 and a 52-week high of $95.06.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. Cal-Maine Foods’s revenue was up 71.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CALM shares. Stephens started coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company. The Goldman Sachs Group upped their target price on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a report on Wednesday, July 17th. Finally, StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Thursday, October 3rd.

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.