Edgestream Partners L.P. Invests $2.31 Million in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Edgestream Partners L.P. acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,476 shares of the basic materials company's stock, valued at approximately $2,313,000.

A number of other institutional investors also recently made changes to their positions in CALM. Nisa Investment Advisors LLC raised its holdings in Cal-Maine Foods by 350.5% in the fourth 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 in the last quarter. Vest Financial LLC increased its position in shares of Cal-Maine Foods by 17.2% in the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock worth $2,424,000 after purchasing an additional 3,449 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at about $788,000. Asset Management One Co. Ltd. lifted its position in shares of Cal-Maine Foods by 1,061.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock worth $3,330,000 after purchasing an additional 30,089 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Cal-Maine Foods by 112.4% in the fourth quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock worth $1,215,000 after purchasing an additional 6,247 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.45% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stephens restated an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

Cal-Maine Foods Trading Down 6.5 %

CALM traded down $5.59 on Thursday, hitting $80.87. 1,086,453 shares of the company's stock were exchanged, compared to its average volume of 981,680. The stock has a fifty day moving average of $101.43 and a two-hundred day moving average of $92.83. Cal-Maine Foods, Inc. has a twelve month low of $55.00 and a twelve month high of $116.41. The firm has a market cap of $3.97 billion, a PE ratio of 6.29 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 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 firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period in the prior year, the business earned $0.35 EPS. The firm's revenue was up 82.5% on a year-over-year basis. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current 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.