HighTower Advisors LLC Sells 1,422 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

HighTower Advisors LLC reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,708 shares of the basic materials company’s stock after selling 1,422 shares during the quarter. HighTower Advisors LLC’s holdings in Cal-Maine Foods were worth $735,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in Cal-Maine Foods in the second quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth about $29,000. Hexagon Capital Partners LLC lifted its stake 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 valued at $32,000 after purchasing an additional 155 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $33,000. Finally, Quarry LP grew its stake in Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $103.53 on Thursday. The business has a 50-day simple moving average of $94.77 and a 200 day simple moving average of $77.39. Cal-Maine Foods, Inc. has a one year low of $53.02 and a one year high of $114.06. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 11.86 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The firm had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue was up 71.1% compared to the same quarter last year. On average, sell-side analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CALM. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Stephens initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price on the 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.