Linden Thomas Advisory Services LLC Reduces Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Linden Thomas Advisory Services LLC lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,363 shares of the basic materials company’s stock after selling 300 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Cal-Maine Foods were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings in shares of Cal-Maine Foods by 44.2% during the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 233 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Cal-Maine Foods by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 25,347 shares of the basic materials company’s stock worth $1,227,000 after buying an additional 344 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Cal-Maine Foods by 2.6% in the third quarter. Amalgamated Bank now owns 17,667 shares of the basic materials company’s stock worth $855,000 after buying an additional 448 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of Cal-Maine Foods in the fourth quarter worth approximately $26,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cal-Maine Foods by 6.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,038 shares of the basic materials company’s stock worth $389,000 after buying an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insiders Place Their Bets

In other 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 owns 3,999 shares in the company, valued at $225,983.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $56.73, for a total transaction of $57,864.60. Following the sale, the director now owns 43,570 shares in the company, valued at $2,471,726.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 owns 3,999 shares in the company, valued at approximately $225,983.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,228 shares of company stock worth $520,122. Company insiders own 13.51% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens reissued an “equal weight” rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

Cal-Maine Foods Trading Down 1.4 %

CALM opened at $58.82 on Thursday. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $64.76. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.43 and a beta of -0.06. The company’s 50 day moving average is $59.24 and its 200 day moving average is $54.38.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $703.08 million for the quarter, compared to analysts’ expectations of $692.35 million. During the same quarter last year, the business earned $6.62 EPS. The firm’s revenue was down 29.5% compared to the same quarter last year. As a group, analysts predict that Cal-Maine Foods, Inc. will post 4.63 EPS for the current fiscal 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.