Nuance Investments LLC Has $101.65 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Nuance Investments LLC lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,771,205 shares of the basic materials company's stock after buying an additional 203,771 shares during the quarter. Cal-Maine Foods comprises about 2.3% of Nuance Investments LLC's portfolio, making the stock its 13th largest holding. Nuance Investments LLC owned approximately 3.62% of Cal-Maine Foods worth $101,649,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CALM. Dimensional Fund Advisors LP increased its position in Cal-Maine Foods by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,438,248 shares of the basic materials company's stock worth $139,932,000 after acquiring an additional 92,588 shares during the period. Pacer Advisors Inc. raised its position in shares of Cal-Maine Foods by 66.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company's stock valued at $136,319,000 after buying an additional 947,115 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Cal-Maine Foods by 13.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,721,026 shares of the basic materials company's stock valued at $83,332,000 after buying an additional 210,556 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Cal-Maine Foods by 1.5% in the third quarter. Corient Private Wealth LLC now owns 781,430 shares of the basic materials company's stock valued at $37,837,000 after buying an additional 11,840 shares during the period. Finally, Northern Trust Corp grew its position in Cal-Maine Foods by 2.3% during the third quarter. Northern Trust Corp now owns 734,017 shares of the basic materials company's stock worth $35,541,000 after buying an additional 16,267 shares in the last quarter. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 1.4 %

Shares of NASDAQ:CALM traded down $0.83 during midday trading on Friday, hitting $57.28. The stock had a trading volume of 361,837 shares, compared to its average volume of 619,325. The company's 50-day moving average price is $59.20 and its 200-day moving average price is $55.27. Cal-Maine Foods, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $64.76. The company has a market capitalization of $2.81 billion, a P/E ratio of 10.16 and a beta of -0.02.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data 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 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%. The company's revenue was down 29.5% on a year-over-year basis. During the same period in the previous year, the business earned $6.62 earnings per share. Research analysts expect that Cal-Maine Foods, Inc. will post 4.63 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Separately, Stephens reiterated 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 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.

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