Aigen Investment Management LP Acquires 952 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Aigen Investment Management LP lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 22.2% during the 4th quarter, Holdings Channel reports. The firm owned 5,247 shares of the basic materials company’s stock after purchasing an additional 952 shares during the quarter. Aigen Investment Management LP’s holdings in Cal-Maine Foods were worth $540,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Cal-Maine Foods in the third quarter valued at approximately $29,000. Quarry LP increased its stake in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 valued at $105,000 after acquiring an additional 797 shares during the period. GAMMA Investing LLC boosted its stake 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 worth $141,000 after acquiring an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 5.5 %

Shares of CALM opened at $87.18 on Friday. The business’s fifty day moving average is $102.63 and its 200 day moving average is $92.25. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month high of $116.41. The stock has a market cap of $4.27 billion, a P/E ratio of 6.78 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. The firm 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%. The business’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. On average, analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CALM shares. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Stephens reaffirmed an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This 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. 13.45% of the stock is currently owned by company insiders.

Cal-Maine Foods Company 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.