Cerity Partners LLC Sells 139,521 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cerity Partners LLC cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 79.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,129 shares of the basic materials company's stock after selling 139,521 shares during the period. Cerity Partners LLC owned approximately 0.07% of Cal-Maine Foods worth $2,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CALM. Captrust Financial Advisors lifted its holdings in Cal-Maine Foods by 7.0% during the second quarter. Captrust Financial Advisors now owns 2,804 shares of the basic materials company's stock valued at $139,000 after purchasing an additional 183 shares in the last quarter. Signaturefd LLC lifted its stake in Cal-Maine Foods by 44.2% in the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company's stock valued at $37,000 after buying an additional 233 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Cal-Maine Foods by 1.2% in the 1st quarter. Allianz Asset Management GmbH now owns 20,969 shares of the basic materials company's stock worth $1,158,000 after buying an additional 241 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Cal-Maine Foods by 4.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,896 shares of the basic materials company's stock worth $321,000 after buying an additional 262 shares during the last quarter. Finally, Advisor Partners II LLC increased its stake in Cal-Maine Foods by 2.7% during the 4th quarter. Advisor Partners II LLC now owns 11,545 shares of the basic materials company's stock worth $629,000 after buying an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Analyst Ratings Changes

Separately, Stephens restated an "equal weight" rating and issued a $65.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Cal-Maine Foods Trading Up 1.5 %

CALM traded up $0.87 on Friday, hitting $60.09. 754,298 shares of the company's stock were exchanged, compared to its average volume of 811,940. Cal-Maine Foods, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $64.76. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.65 and a beta of -0.06. The firm has a 50-day moving average price of $59.08 and a 200-day moving average price of $54.10.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The firm had revenue of $703.08 million for the quarter, compared to the consensus estimate of $692.35 million. During the same period last year, the firm posted $6.62 earnings per share. The company's revenue for the quarter was down 29.5% on a year-over-year basis. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

Insiders Place Their Bets

In other news, Director Letitia Callender Hughes sold 1,020 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total value of $57,864.60. Following the completion of the sale, the director now directly owns 43,570 shares in the company, valued at $2,471,726.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total transaction of $57,864.60. Following the transaction, the director now owns 43,570 shares in the company, valued at approximately $2,471,726.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Charles Jeff Hardin sold 4,458 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.56, for a total transaction of $252,144.48. Following the completion of the sale, the executive vice president now directly owns 17,830 shares of the company's stock, valued at approximately $1,008,464.80. The disclosure for this sale can be found here. Insiders have sold 9,228 shares of company stock valued at $520,122 in the last ninety days. 13.51% of the stock is currently owned by corporate insiders.

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.