Choreo LLC Sells 1,111 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Choreo LLC reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,175 shares of the basic materials company’s stock after selling 1,111 shares during the period. Choreo LLC’s holdings in Cal-Maine Foods were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Cal-Maine Foods during the 3rd quarter valued at $29,000. Quarry LP increased its holdings in Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 267 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 1,118 shares during the last quarter. Finally, KBC Group NV lifted its position in Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after buying an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling

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

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $95.10 on Friday. The firm’s 50 day moving average price is $106.92 and its 200-day moving average price is $90.55. The company has a market cap of $4.66 billion, a PE ratio of 7.40 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52-week low of $54.88 and a 52-week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 82.5% on a year-over-year basis. On average, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.