Hussman Strategic Advisors Inc. Buys 10,500 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hussman Strategic Advisors Inc. raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 100.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,000 shares of the basic materials company's stock after buying an additional 10,500 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Cal-Maine Foods were worth $1,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CALM. Raymond James Financial Inc. acquired a new stake in shares of Cal-Maine Foods in the 4th quarter valued at $1,123,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cal-Maine Foods by 7.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,741 shares of the basic materials company's stock valued at $797,000 after acquiring an additional 504 shares during the last quarter. HighTower Advisors LLC lifted its position in Cal-Maine Foods by 17.1% in the fourth quarter. HighTower Advisors LLC now owns 11,369 shares of the basic materials company's stock valued at $1,170,000 after acquiring an additional 1,661 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Cal-Maine Foods in the fourth quarter valued at $239,000. Finally, Swiss National Bank lifted its position in Cal-Maine Foods by 0.7% in the fourth quarter. Swiss National Bank now owns 82,700 shares of the basic materials company's stock valued at $8,511,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CALM. Wall Street Zen raised shares of Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Finally, Stephens upped their price target on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th.

Cal-Maine Foods Stock Down 0.8%

Cal-Maine Foods stock traded down $0.87 during trading hours on Friday, hitting $105.94. 712,667 shares of the company traded hands, compared to its average volume of 768,244. Cal-Maine Foods, Inc. has a 1-year low of $63.37 and a 1-year high of $116.41. The firm's 50-day simple moving average is $98.79 and its two-hundred day simple moving average is $97.72. The firm has a market cap of $5.20 billion, a P/E ratio of 5.24 and a beta of 0.17.

About Cal-Maine Foods

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.