Tower Research Capital LLC TRC Acquires 4,324 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Tower Research Capital LLC TRC increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 6,005.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,396 shares of the basic materials company’s stock after buying an additional 4,324 shares during the period. Tower Research Capital LLC TRC’s holdings in Cal-Maine Foods were worth $452,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CALM. Smartleaf Asset Management LLC increased its stake in shares of Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods during the fourth quarter valued at $134,000. GAMMA Investing LLC increased its position in Cal-Maine Foods by 24.3% in the fourth 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 last quarter. Nisa Investment Advisors LLC raised its stake in shares of Cal-Maine Foods by 350.5% in the fourth 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 during the period. Finally, KBC Group NV grew its stake in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 629 shares during the period. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 1.4 %

Cal-Maine Foods stock opened at $96.84 on Wednesday. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year high of $116.41. The firm has a market capitalization of $4.75 billion, a PE ratio of 7.54 and a beta of 0.11. The firm’s 50 day simple moving average is $90.90 and its 200 day simple moving average is $97.01.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business’s quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.00 earnings per share. Research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the business’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the completion of the transaction, the insider now owns 1,319,034 shares of the company’s stock, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.45% of the company’s stock.

Analyst Ratings Changes

CALM has been the subject of a number of recent research reports. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Stephens reiterated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.

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.