SG Americas Securities LLC Decreases Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

SG Americas Securities LLC trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 68.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,200 shares of the basic materials company’s stock after selling 11,520 shares during the quarter. SG Americas Securities LLC’s holdings in Cal-Maine Foods were worth $535,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CALM. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the third quarter worth $29,000. Hexagon Capital Partners LLC grew its stake in 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 acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Cal-Maine Foods during the 3rd quarter valued at about $33,000. Quarry LP raised its holdings 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 acquiring an additional 553 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Cal-Maine Foods by 62.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 425 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Cal-Maine Foods Trading Down 6.8 %

Shares of CALM opened at $107.90 on Friday. Cal-Maine Foods, Inc. has a 12-month low of $54.53 and a 12-month high of $116.41. The firm has a market capitalization of $5.29 billion, a P/E ratio of 8.40 and a beta of -0.11. The firm has a 50-day moving average price of $105.00 and a 200 day moving average price of $87.63.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods’s revenue was up 82.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 EPS. Equities research analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share 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.