Sprott Inc. Trims Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sprott Inc. decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 20.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,000 shares of the basic materials company’s stock after selling 30,000 shares during the period. Sprott Inc.’s holdings in Cal-Maine Foods were worth $11,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after purchasing an additional 159,787 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Cal-Maine Foods by 652.6% in the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after buying an additional 139,000 shares during the period. Bank of New York Mellon Corp boosted its position in Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after acquiring an additional 76,387 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after acquiring an additional 75,090 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after acquiring an additional 64,489 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’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 transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $88.07 on Wednesday. The firm’s 50-day moving average price is $104.75 and its 200-day moving average price is $91.71. The company has a market capitalization of $4.32 billion, a PE ratio of 6.85 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41.

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, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Cal-Maine Foods’s quarterly revenue was up 82.5% on a year-over-year basis. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.