Assenagon Asset Management S.A. Has $2.44 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Assenagon Asset Management S.A. reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,728 shares of the basic materials company's stock after selling 7,921 shares during the period. Assenagon Asset Management S.A.'s holdings in Cal-Maine Foods were worth $2,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CALM. Friedenthal Financial bought a new stake in shares of Cal-Maine Foods in the 4th quarter valued at about $765,000. Range Financial Group LLC bought a new stake in Cal-Maine Foods in the fourth quarter valued at approximately $1,578,000. GAMMA Investing LLC raised its holdings in Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after purchasing an additional 267 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Cal-Maine Foods by 88.6% during the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock worth $25,457,000 after purchasing an additional 159,787 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Cal-Maine Foods by 91.7% in the 3rd quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company's stock valued at $4,713,000 after buying an additional 30,122 shares during the period. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Down 1.4 %

CALM traded down $1.55 during trading on Thursday, hitting $110.48. The company had a trading volume of 568,267 shares, compared to its average volume of 788,576. The company has a market capitalization of $5.42 billion, a PE ratio of 8.60 and a beta of -0.11. Cal-Maine Foods, Inc. has a one year low of $54.50 and a one year high of $116.41. The firm's 50-day moving average price is $102.65 and its 200 day moving average price is $85.47.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million for the quarter, compared to analysts' expectations of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company's revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Sell-side analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Analyst Ratings Changes

CALM has been the topic of several recent analyst reports. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price objective on the stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were 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 represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 13.45% of the company's stock.

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.