Y Intercept Hong Kong Ltd Sells 98,072 Shares of Cal-Maine Foods, Inc. $CALM

Y Intercept Hong Kong Ltd decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 86.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 15,406 shares of the basic materials company’s stock after selling 98,072 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Cal-Maine Foods were worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CALM. Jamison Private Wealth Management Inc. bought a new stake in shares of Cal-Maine Foods during the first quarter worth $318,000. Stegent Equity Advisors Inc. boosted its holdings in Cal-Maine Foods by 4.0% in the first quarter. Stegent Equity Advisors Inc. now owns 5,279 shares of the basic materials company’s stock valued at $418,000 after acquiring an additional 202 shares during the last quarter. Inspire Investing LLC increased its position in Cal-Maine Foods by 11.5% in the first quarter. Inspire Investing LLC now owns 6,538 shares of the basic materials company’s stock worth $517,000 after purchasing an additional 673 shares during the period. Janney Montgomery Scott LLC raised its holdings in Cal-Maine Foods by 18.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,894 shares of the basic materials company’s stock worth $2,129,000 after purchasing an additional 4,256 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Cal-Maine Foods by 10.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 6,710 shares of the basic materials company’s stock valued at $531,000 after purchasing an additional 638 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 3.5%

Cal-Maine Foods stock traded up $2.99 during mid-day trading on Friday, hitting $88.34. 865,236 shares of the company’s stock were exchanged, compared to its average volume of 774,849. The firm has a market capitalization of $4.19 billion, a P/E ratio of 6.16 and a beta of 0.25. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40. The company’s 50 day simple moving average is $78.57 and its 200-day simple moving average is $80.09.

Wall Street Analysts Forecast Growth

CALM has been the subject of several analyst reports. BMO Capital Markets lowered their price target on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, March 25th. Royal Bank Of Canada set a $100.00 target price on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Stephens increased their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cal-Maine Foods in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.17.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.