HighTower Advisors LLC Has $735,000 Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

HighTower Advisors LLC decreased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,708 shares of the basic materials company’s stock after selling 1,422 shares during the period. HighTower Advisors LLC’s holdings in Cal-Maine Foods were worth $735,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $103.53 on Thursday. Cal-Maine Foods, Inc. has a one year low of $53.02 and a one year high of $114.06. The company has a market cap of $5.08 billion, a PE ratio of 11.86 and a beta of -0.10. The firm’s 50 day simple moving average is $94.77 and its 200 day simple moving average is $77.39.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The business had revenue of $785.87 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 71.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. Equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current 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.