Renaissance Technologies LLC Trims Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Renaissance Technologies LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,134,974 shares of the basic materials company’s stock after selling 56,050 shares during the period. Renaissance Technologies LLC owned approximately 4.35% of Cal-Maine Foods worth $219,732,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP lifted its holdings in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Cal-Maine Foods during the fourth quarter worth $134,000. GAMMA Investing LLC grew its position in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after buying an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Up 1.3 %

CALM opened at $93.45 on Tuesday. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41. The firm’s fifty day simple moving average is $94.90 and its two-hundred day simple moving average is $95.51. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 7.27 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 82.5% compared to the same quarter last year. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd. Stephens restated an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods 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.