Centiva Capital LP Acquires Shares of 6,556 Cal-Maine Foods, Inc. (NASDAQ:CALM)

Centiva Capital LP purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,556 shares of the basic materials company's stock, valued at approximately $491,000.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Cal-Maine Foods by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock valued at $159,863,000 after acquiring an additional 114,995 shares during the period. Renaissance Technologies LLC lifted its stake in Cal-Maine Foods by 5.5% in the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock valued at $129,286,000 after buying an additional 110,900 shares during the last quarter. Pacer Advisors Inc. increased its stake in Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after purchasing an additional 64,489 shares during the period. American Century Companies Inc. increased its holdings in shares of Cal-Maine Foods by 8.9% in the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company's stock valued at $61,948,000 after purchasing an additional 82,772 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cal-Maine Foods by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company's stock worth $46,490,000 after acquiring an additional 20,528 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on CALM shares. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, November 23rd. Stephens started coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 target price on the stock.

Cal-Maine Foods Stock Up 2.6 %

Shares of Cal-Maine Foods stock traded up $2.57 during trading on Monday, hitting $101.79. 579,002 shares of the company were exchanged, compared to its average volume of 591,545. Cal-Maine Foods, Inc. has a fifty-two week low of $48.22 and a fifty-two week high of $102.00. The firm has a 50 day moving average price of $91.45 and a 200 day moving average price of $75.24. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 11.66 and a beta of -0.10.

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