Hussman Strategic Advisors Inc. Buys Shares of 10,500 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hussman Strategic Advisors Inc. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,500 shares of the basic materials company’s stock, valued at approximately $1,081,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Cal-Maine Foods in the 3rd quarter valued at approximately $29,000. Quarry LP grew 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 purchasing an additional 189 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 267 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 1,118 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 629 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

Cal-Maine Foods stock opened at $90.05 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41. The company has a market cap of $4.42 billion, a PE ratio of 7.01 and a beta of -0.12. The stock’s 50 day moving average price is $105.93 and its 200 day moving average price is $90.99.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. On average, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.