Exchange Traded Concepts LLC Has $4.29 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Exchange Traded Concepts LLC increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,725 shares of the basic materials company’s stock after purchasing an additional 1,903 shares during the period. Exchange Traded Concepts LLC owned approximately 0.09% of Cal-Maine Foods worth $4,294,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CALM. Harbor Capital Advisors Inc. bought a new position in Cal-Maine Foods in the third quarter worth approximately $29,000. Hexagon Capital Partners LLC lifted its holdings in shares of Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Cal-Maine Foods in the 3rd quarter valued at $33,000. Quarry LP increased its stake in Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 553 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Cal-Maine Foods by 62.9% during the third quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock worth $82,000 after buying an additional 425 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CALM shares. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price on the stock. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock opened at $106.70 on Friday. Cal-Maine Foods, Inc. has a one year low of $54.53 and a one year high of $116.41. The firm has a market capitalization of $5.23 billion, a P/E ratio of 8.30 and a beta of -0.11. The business has a fifty day moving average price of $103.38 and a 200-day moving average price of $85.95.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods’s revenue was up 82.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on 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 in the company, valued at $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 the SEC website. Company insiders own 13.45% of the company’s stock.

About Cal-Maine Foods

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.