Public Sector Pension Investment Board Sells 3,200 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Public Sector Pension Investment Board cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,380 shares of the basic materials company’s stock after selling 3,200 shares during the period. Public Sector Pension Investment Board’s holdings in Cal-Maine Foods were worth $6,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Cal-Maine Foods during the third quarter worth $29,000. Hantz Financial Services Inc. bought a new stake in Cal-Maine Foods during the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC increased its position in Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new position in shares of Cal-Maine Foods in the third quarter worth about $33,000. Finally, Quarry LP lifted its position in shares of Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 553 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CALM shares. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective for the company.

Cal-Maine Foods Stock Up 0.5 %

CALM stock opened at $97.61 on Friday. Cal-Maine Foods, Inc. has a twelve month low of $47.06 and a twelve month high of $99.63. The business’s fifty day moving average is $88.51 and its 200-day moving average is $73.37. The company has a market cap of $4.79 billion, a P/E ratio of 11.18 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The company had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. Cal-Maine Foods’s quarterly revenue was up 71.1% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. Research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share 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.