Pathstone Holdings LLC Cuts Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Pathstone Holdings LLC decreased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,349 shares of the basic materials company's stock after selling 9,199 shares during the quarter. Pathstone Holdings LLC owned approximately 0.10% of Cal-Maine Foods worth $3,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CALM. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the third quarter worth $29,000. Hantz Financial Services Inc. purchased a new stake in Cal-Maine Foods during the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC raised its holdings in Cal-Maine Foods by 57.0% in 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 during the last quarter. Krane Funds Advisors LLC purchased a new position in Cal-Maine Foods in the 3rd quarter worth approximately $33,000. Finally, Quarry LP boosted its holdings in shares of Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company's stock worth $36,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stephens assumed coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued 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 report on Saturday.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM traded up $0.18 during mid-day trading on Friday, reaching $95.96. 379,987 shares of the company's stock were exchanged, compared to its average volume of 421,380. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52-week low of $46.30 and a 52-week high of $96.63. The company's 50-day moving average is $86.02 and its 200-day moving average is $72.10.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.36 by ($0.30). The company had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. Cal-Maine Foods's revenue was up 71.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal 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.