Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 75.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,383 shares of the basic materials company's stock after selling 13,718 shares during the quarter. Tectonic Advisors LLC's holdings in Cal-Maine Foods were worth $451,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Cal-Maine Foods during the third quarter worth approximately $29,000. Hexagon Capital Partners LLC raised its position in Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Cal-Maine Foods during the 3rd quarter valued at $33,000. Quarry LP grew its position in shares of Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after buying an additional 189 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock worth $82,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

NASDAQ:CALM traded up $1.26 during trading hours on Monday, reaching $109.56. The company's stock had a trading volume of 286,365 shares, compared to its average volume of 808,503. The company has a market capitalization of $5.37 billion, a P/E ratio of 8.54 and a beta of -0.12. The stock has a 50 day moving average price of $106.06 and a two-hundred day moving average price of $89.44. Cal-Maine Foods, Inc. has a 12 month low of $54.53 and a 12 month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released 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. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. During the same period in the previous year, the company posted $0.35 EPS. The business's revenue for the quarter was up 82.5% compared to the same quarter last year. As a group, analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction on Tuesday, January 14th. The stock was 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 in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.45% of the company's stock.

Analyst Upgrades and Downgrades

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.

Cal-Maine Foods Company 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.