International Assets Investment Management LLC Buys 113,200 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

International Assets Investment Management LLC grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 2,543.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 117,650 shares of the basic materials company's stock after buying an additional 113,200 shares during the period. International Assets Investment Management LLC owned 0.24% of Cal-Maine Foods worth $67,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CALM. Exchange Traded Concepts LLC increased its stake in shares of Cal-Maine Foods by 6,480.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 39,417 shares of the basic materials company's stock worth $2,262,000 after acquiring an additional 38,818 shares during the period. Citigroup Inc. grew its position in Cal-Maine Foods by 26.2% during the third quarter. Citigroup Inc. now owns 42,829 shares of the basic materials company's stock worth $2,074,000 after buying an additional 8,898 shares during the period. Toroso Investments LLC grew its position in Cal-Maine Foods by 227.5% during the third quarter. Toroso Investments LLC now owns 41,724 shares of the basic materials company's stock worth $2,020,000 after buying an additional 28,983 shares during the period. QRG Capital Management Inc. acquired a new position in Cal-Maine Foods during the third quarter worth about $1,533,000. Finally, Pacer Advisors Inc. grew its position in Cal-Maine Foods by 66.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company's stock worth $136,319,000 after buying an additional 947,115 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Cal-Maine Foods Trading Down 1.3 %

Shares of CALM stock traded down $0.72 during trading hours on Friday, hitting $56.80. The company's stock had a trading volume of 546,942 shares, compared to its average volume of 663,451. The business has a fifty day moving average of $59.22 and a 200-day moving average of $54.73. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 10.20 and a beta of -0.02. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $64.76.

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

Insider Activity at Cal-Maine Foods

In related news, Director James E. Poole sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the director now owns 11,670 shares of the company's stock, valued at $652,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Charles Jeff Hardin sold 750 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now owns 3,999 shares of the company's stock, valued at $225,983.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Poole sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the director now directly owns 11,670 shares in the company, valued at approximately $652,469.70. The disclosure for this sale can be found here. Insiders own 13.51% of the company's stock.

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.