Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 27.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,682 shares of the basic materials company’s stock after selling 55,044 shares during the period. Acadian Asset Management LLC’s holdings in Cal-Maine Foods were worth $8,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Park Place Capital Corp acquired a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $26,000. Cape Investment Advisory Inc. acquired a new stake in Cal-Maine Foods during the fourth quarter valued at $32,000. TFO Wealth Partners LLC increased its holdings in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock valued at $37,000 after buying an additional 648 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Cal-Maine Foods in the fourth quarter worth about $43,000. Finally, MCF Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the 1st quarter worth about $46,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CALM. The Goldman Sachs Group lifted their price target on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research note on Wednesday, July 17th. Stephens restated an “equal weight” rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Cal-Maine Foods Trading Down 0.6 %

CALM traded down $0.39 during midday trading on Monday, hitting $64.81. 215,140 shares of the company traded hands, compared to its average volume of 632,600. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 11.56 and a beta of -0.10. The business has a 50 day simple moving average of $60.59 and a two-hundred day simple moving average of $58.72. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $68.37.

Cal-Maine Foods Company 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.