Two Sigma Advisers LP Sells 52,700 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Two Sigma Advisers LP lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 32.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,600 shares of the basic materials company's stock after selling 52,700 shares during the period. Two Sigma Advisers LP owned approximately 0.22% of Cal-Maine Foods worth $11,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALM. Barclays PLC lifted its position in shares of Cal-Maine Foods by 48.3% in the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock worth $7,749,000 after buying an additional 33,731 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Cal-Maine Foods during the 4th quarter worth about $213,000. Nisa Investment Advisors LLC lifted 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 worth $148,000 after purchasing an additional 1,118 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Cal-Maine Foods by 112.4% during the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock worth $1,215,000 after purchasing an additional 6,247 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Cal-Maine Foods by 4.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 41,725 shares of the basic materials company's stock worth $4,294,000 after purchasing an additional 1,903 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Insider Activity at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 13.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen raised Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday. BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Finally, Stephens reissued an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd.

Cal-Maine Foods Trading Down 1.6%

CALM traded down $1.57 on Wednesday, hitting $93.95. 94,270 shares of the stock traded hands, compared to its average volume of 750,081. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41. The firm has a market capitalization of $4.61 billion, a PE ratio of 7.31 and a beta of 0.18. The business has a fifty day moving average price of $93.76 and a two-hundred day moving average price of $97.64.

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, beating the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. During the same period in the previous year, the company posted $3.00 earnings per share. The company's quarterly revenue was up 101.6% compared to the same quarter last year. On average, equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.