1,972 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Colonial River Investments LLC

Colonial River Investments LLC purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,972 shares of the basic materials company’s stock, valued at approximately $203,000.

Other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake 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 worth $148,000 after buying an additional 1,118 shares in the last quarter. Vest Financial LLC grew its holdings in Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after purchasing an additional 3,449 shares during the period. Neo Ivy Capital Management purchased a new stake in Cal-Maine Foods in the third quarter worth about $788,000. Asset Management One Co. Ltd. grew its holdings in Cal-Maine Foods by 1,061.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock worth $3,330,000 after purchasing an additional 30,089 shares during the period. Finally, Inspire Investing LLC grew its holdings in Cal-Maine Foods by 112.4% in the fourth quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock worth $1,215,000 after purchasing an additional 6,247 shares during the period. 84.67% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the sale, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $89.34 on Tuesday. The stock has a market cap of $4.38 billion, a PE ratio of 6.95 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $54.88 and a fifty-two week high of $116.41. The firm’s 50-day simple moving average is $105.13 and its two-hundred day simple moving average is $91.58.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 82.5% on a year-over-year basis. Equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.