Massachusetts Financial Services Co. MA trimmed its holdings in Cal-Maine (NASDAQ:CALM) by 70.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 565,986 shares of the basic materials company’s stock after selling 1,365,941 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.16% of Cal-Maine worth $24,734,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Cal-Maine in the first quarter valued at approximately $140,000. Jump Trading LLC acquired a new position in Cal-Maine in the fourth quarter valued at approximately $275,000. Unison Advisors LLC acquired a new position in Cal-Maine in the fourth quarter valued at approximately $303,000. Jane Street Group LLC boosted its holdings in Cal-Maine by 2,281.4% in the fourth quarter. Jane Street Group LLC now owns 6,806 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 7,118 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in Cal-Maine in the first quarter valued at approximately $328,000. 55.77% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on CALM shares. BidaskClub raised Cal-Maine from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research downgraded Cal-Maine from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 27th. Stephens upped their price target on Cal-Maine from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, April 3rd. TheStreet raised Cal-Maine from a “c” rating to a “b” rating in a report on Monday, April 2nd. Finally, ValuEngine raised Cal-Maine from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $42.50.
In other news, VP Charles Jeff Hardin sold 2,036 shares of the stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $47.39, for a total value of $96,486.04. Following the completion of the sale, the vice president now directly owns 3,800 shares of the company’s stock, valued at $180,082. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.22% of the stock is currently owned by corporate insiders.
CALM stock opened at $47.85 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of 48.72 and a beta of 0.61. Cal-Maine has a twelve month low of $47.20 and a twelve month high of $47.60.
Cal-Maine (NASDAQ:CALM) last posted its quarterly earnings data on Monday, April 2nd. The basic materials company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The business had revenue of $435.80 million during the quarter, compared to the consensus estimate of $404.33 million. Cal-Maine had a return on equity of 5.62% and a net margin of 2.23%. The company’s revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. sell-side analysts predict that Cal-Maine will post 2.05 EPS for the current fiscal year.
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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