Bridgeway Capital Management LLC Lowers Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bridgeway Capital Management LLC cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,400 shares of the basic materials company's stock after selling 14,000 shares during the period. Bridgeway Capital Management LLC owned 0.15% of Cal-Maine Foods worth $7,348,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 worth $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Cal-Maine Foods during the fourth quarter worth approximately $134,000. GAMMA Investing LLC grew its holdings in Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after purchasing an additional 267 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after buying an additional 1,118 shares in the last quarter. Finally, KBC Group NV raised its stake 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 worth $173,000 after buying an additional 629 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Up 0.6 %

Shares of Cal-Maine Foods stock traded up $0.53 during trading hours on Friday, reaching $91.26. 574,662 shares of the company's stock were exchanged, compared to its average volume of 740,140. The business has a fifty day moving average of $91.53 and a two-hundred day moving average of $97.04. The company has a market capitalization of $4.48 billion, a P/E ratio of 7.10 and a beta of 0.18. Cal-Maine Foods, Inc. has a 1 year low of $57.13 and a 1 year high of $116.41.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CALM shares. Stephens reissued an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a report on Tuesday.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the transaction, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.