Corton Capital Inc. Buys New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Corton Capital Inc. purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,168 shares of the basic materials company's stock, valued at approximately $429,000. Cal-Maine Foods accounts for about 0.2% of Corton Capital Inc.'s portfolio, making the stock its 29th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods in the fourth quarter valued at about $134,000. GAMMA Investing LLC lifted its stake 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 buying an additional 267 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after buying an additional 1,118 shares during the last quarter. Finally, KBC Group NV grew 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 worth $173,000 after buying an additional 629 shares during the period. Institutional investors own 84.67% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CALM shares. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday. Stephens reissued an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Performance

CALM stock traded up $0.53 during mid-day trading on Friday, hitting $91.26. 574,662 shares of the company were exchanged, compared to its average volume of 740,140. Cal-Maine Foods, Inc. has a 1-year low of $57.13 and a 1-year high of $116.41. The firm's 50 day simple moving average is $91.53 and its 200 day simple moving average is $97.04. The firm has a market cap of $4.48 billion, a P/E ratio of 7.10 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its 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 firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company's revenue was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 EPS. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.