Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 68.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,200 shares of the basic materials company's stock after selling 11,520 shares during the period. SG Americas Securities LLC's holdings in Cal-Maine Foods were worth $535,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods in the 3rd quarter valued at $29,000. Hexagon Capital Partners LLC lifted its stake in shares of 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 worth $32,000 after acquiring an additional 155 shares during the period. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods in the third quarter valued at about $33,000. Quarry LP increased its stake in shares of Cal-Maine Foods by 1,975.0% during the second quarter. Quarry LP now owns 581 shares of the basic materials company's stock worth $36,000 after acquiring an additional 553 shares during the period. Finally, GAMMA Investing LLC lifted its position in Cal-Maine Foods by 62.9% in the third quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock valued at $82,000 after purchasing an additional 425 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is currently owned by company insiders.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock traded up $0.94 during midday trading on Tuesday, reaching $107.64. 1,078,385 shares of the company were exchanged, compared to its average volume of 847,144. The firm's 50-day simple moving average is $105.42 and its 200-day simple moving average is $88.54. Cal-Maine Foods, Inc. has a 1 year low of $54.53 and a 1 year high of $116.41. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 8.38 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 for the quarter, beating the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate 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 revenue was up 82.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts forecast that Cal-Maine Foods, Inc. will post 8.54 EPS 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.