Los Angeles Capital Management LLC Sells 29,959 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Los Angeles Capital Management LLC lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 50.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,353 shares of the basic materials company's stock after selling 29,959 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of Cal-Maine Foods worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CALM. Commonwealth Equity Services LLC increased its stake in Cal-Maine Foods by 7.9% in the third quarter. Commonwealth Equity Services LLC now owns 17,092 shares of the basic materials company's stock valued at $828,000 after purchasing an additional 1,253 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Cal-Maine Foods by 6.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,038 shares of the basic materials company's stock worth $389,000 after acquiring an additional 504 shares during the period. Raymond James & Associates boosted its position in shares of Cal-Maine Foods by 2.8% in the third quarter. Raymond James & Associates now owns 116,417 shares of the basic materials company's stock worth $5,637,000 after acquiring an additional 3,132 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Cal-Maine Foods by 15.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 44,831 shares of the basic materials company's stock valued at $2,171,000 after purchasing an additional 5,958 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Cal-Maine Foods by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 705,269 shares of the basic materials company's stock worth $34,149,000 after purchasing an additional 16,958 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Insider Buying and Selling at Cal-Maine Foods

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

Analysts Set New Price Targets

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

Cal-Maine Foods Stock Up 0.5 %

Shares of NASDAQ CALM traded up $0.30 during midday trading on Wednesday, hitting $57.38. The stock had a trading volume of 354,299 shares, compared to its average volume of 656,711. The company has a fifty day moving average price of $59.16 and a 200 day moving average price of $55.07. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.12 and a beta of -0.02. Cal-Maine Foods, Inc. has a 1-year low of $42.25 and a 1-year high of $64.76.

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

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.