IndexIQ Advisors LLC Has $269,000 Stake in Cal-Maine Foods, Inc. (CALM)

IndexIQ Advisors LLC lessened its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,781 shares of the basic materials company’s stock after selling 813 shares during the period. IndexIQ Advisors LLC’s holdings in Cal-Maine Foods were worth $269,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CALM. Eqis Capital Management Inc. grew its stake in Cal-Maine Foods by 0.6% during the second quarter. Eqis Capital Management Inc. now owns 6,124 shares of the basic materials company’s stock worth $243,000 after buying an additional 36 shares during the period. State of Alaska Department of Revenue grew its stake in Cal-Maine Foods by 1.9% during the first quarter. State of Alaska Department of Revenue now owns 3,280 shares of the basic materials company’s stock worth $120,000 after buying an additional 60 shares during the period. Louisiana State Employees Retirement System grew its stake in Cal-Maine Foods by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the basic materials company’s stock worth $445,000 after buying an additional 100 shares during the period. Private Advisor Group LLC grew its stake in Cal-Maine Foods by 1.9% during the first quarter. Private Advisor Group LLC now owns 6,052 shares of the basic materials company’s stock worth $222,000 after buying an additional 110 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Cal-Maine Foods by 0.9% during the second quarter. Nisa Investment Advisors LLC now owns 12,652 shares of the basic materials company’s stock worth $502,000 after buying an additional 118 shares during the period. 61.69% of the stock is owned by institutional investors and hedge funds.

CALM has been the subject of several research reports. ValuEngine upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Cleveland Research downgraded shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a research note on Tuesday, May 30th. BidaskClub downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 target price for the company. in a research note on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.70.

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Cal-Maine Foods, Inc. (NASDAQ CALM) opened at 41.15 on Friday. The firm’s 50-day moving average is $36.72 and its 200-day moving average is $37.66. Cal-Maine Foods, Inc. has a 1-year low of $33.40 and a 1-year high of $46.15. The company’s market capitalization is $2.00 billion.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, July 24th. The basic materials company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.42). Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The firm had revenue of $274.60 million for the quarter, compared to analyst estimates of $271.33 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. Equities research analysts predict that Cal-Maine Foods, Inc. will post $0.43 EPS for the current year.

About Cal-Maine Foods

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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

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