Hodges Capital Management Inc. Decreases Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hodges Capital Management Inc. lessened its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 83.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,212 shares of the basic materials company's stock after selling 148,148 shares during the quarter. Hodges Capital Management Inc. owned about 0.06% of Cal-Maine Foods worth $3,110,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CALM. JPMorgan Chase & Co. lifted its holdings in shares of Cal-Maine Foods by 88.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock valued at $25,457,000 after acquiring an additional 159,787 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company's stock valued at $11,997,000 after purchasing an additional 139,000 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Cal-Maine Foods in the 3rd quarter worth approximately $58,810,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company's stock valued at $9,913,000 after purchasing an additional 75,090 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after buying an additional 64,489 shares during the period. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

NASDAQ CALM traded down $0.47 during trading on Friday, hitting $108.30. The stock had a trading volume of 702,840 shares, compared to its average volume of 830,270. Cal-Maine Foods, Inc. has a one year low of $54.53 and a one year high of $116.41. The stock has a 50 day simple moving average of $106.06 and a 200 day simple moving average of $89.11. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 8.43 and a beta of -0.12.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. The firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's quarterly revenue was up 82.5% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. On average, sell-side analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred 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 completion of the sale, the director now owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 13.45% of the company's stock.

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.