Hancock Whitney Corp Sells 34,000 Shares of Cal-Maine Foods Inc (NASDAQ:CALM)

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Hancock Whitney Corp trimmed its position in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,637 shares of the basic materials company’s stock after selling 34,000 shares during the period. Hancock Whitney Corp’s holdings in Cal-Maine Foods were worth $2,336,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. raised its position in shares of Cal-Maine Foods by 19.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,072,124 shares of the basic materials company’s stock valued at $82,792,000 after buying an additional 335,458 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Cal-Maine Foods by 14.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 581,086 shares of the basic materials company’s stock valued at $23,217,000 after buying an additional 71,200 shares during the last quarter. Keating Investment Counselors Inc. raised its position in shares of Cal-Maine Foods by 3.9% during the third quarter. Keating Investment Counselors Inc. now owns 164,425 shares of the basic materials company’s stock valued at $6,570,000 after buying an additional 6,190 shares during the last quarter. Morgan Stanley raised its position in shares of Cal-Maine Foods by 251.3% during the second quarter. Morgan Stanley now owns 151,746 shares of the basic materials company’s stock valued at $6,332,000 after buying an additional 108,555 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Cal-Maine Foods by 6.2% during the fourth quarter. Rhumbline Advisers now owns 110,280 shares of the basic materials company’s stock valued at $4,714,000 after buying an additional 6,402 shares during the last quarter. Institutional investors own 67.01% of the company’s stock.

Shares of CALM opened at $37.62 on Friday. The company has a 50-day simple moving average of $38.65 and a 200-day simple moving average of $41.03. The firm has a market capitalization of $1.83 billion, a P/E ratio of -50.84 and a beta of 0.39. Cal-Maine Foods Inc has a 52 week low of $35.43 and a 52 week high of $47.00.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, January 6th. The basic materials company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.24). The company had revenue of $311.50 million for the quarter, compared to analyst estimates of $327.90 million. Cal-Maine Foods had a negative net margin of 2.94% and a negative return on equity of 3.40%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts predict that Cal-Maine Foods Inc will post 0.23 earnings per share for the current year.

A number of research analysts have recently commented on CALM shares. BidaskClub lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. ValuEngine lowered shares of Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Cleveland Research raised shares of Cal-Maine Foods from an “underperform” rating to a “neutral” rating in a research report on Monday, January 6th. Finally, Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.00.

About Cal-Maine Foods

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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Want to see what other hedge funds are holding CALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods Inc (NASDAQ:CALM).

Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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