Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 6,005.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,396 shares of the basic materials company's stock after buying an additional 4,324 shares during the quarter. Tower Research Capital LLC TRC's holdings in Cal-Maine Foods were worth $452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Cal-Maine Foods during the fourth quarter worth $134,000. GAMMA Investing LLC grew its position in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC increased its holdings in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after buying an additional 1,118 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after acquiring an additional 629 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CALM shares. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Friday. Stephens restated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd.

Cal-Maine Foods Trading Up 0.5 %

CALM traded up $0.43 during midday trading on Friday, hitting $92.91. 748,678 shares of the company traded hands, compared to its average volume of 730,593. The business has a 50 day simple moving average of $91.10 and a two-hundred day simple moving average of $97.02. Cal-Maine Foods, Inc. has a 52-week low of $56.40 and a 52-week high of $116.41. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.11.

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

Insider Activity

In related news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 1,319,034 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.45% of the company's stock.

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.