XTX Topco Ltd Cuts Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

XTX Topco Ltd lessened its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,596 shares of the basic materials company's stock after selling 3,745 shares during the quarter. XTX Topco Ltd's holdings in Cal-Maine Foods were worth $782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after acquiring an additional 797 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at about $134,000. GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after acquiring an additional 267 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 1,118 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after acquiring an additional 629 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Up 0.2 %

NASDAQ:CALM traded up $0.19 on Wednesday, reaching $93.29. 199,044 shares of the company's stock were exchanged, compared to its average volume of 717,287. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 7.26 and a beta of 0.11. The business has a fifty day moving average of $90.70 and a 200-day moving average of $96.80. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 earnings per share. As a group, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CALM. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Stephens restated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday.

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.