Duality Advisers LP Has $788,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Duality Advisers LP reduced its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 35.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,728 shares of the basic materials company’s stock after selling 7,557 shares during the period. Duality Advisers LP’s holdings in Cal-Maine Foods were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CALM. AE Wealth Management LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $733,000. SG Americas Securities LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $643,000. State of Alaska Department of Revenue boosted its position in shares of Cal-Maine Foods by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,347 shares of the basic materials company’s stock valued at $1,227,000 after acquiring an additional 344 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $29,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $225,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Down 1.4 %

Shares of CALM stock 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 capitalization of $2.88 billion, a P/E ratio of 10.43 and a beta of -0.06. The firm has a 50-day moving average price of $59.24 and a 200 day moving average price of $54.38.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share 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 during the quarter, compared to the consensus estimate of $692.35 million. During the same period in the previous year, the firm posted $6.62 earnings per share. The company’s revenue was down 29.5% on a year-over-year basis. As a group, research analysts expect that Cal-Maine Foods, Inc. will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Cal-Maine Foods news, Director James E. Poole sold 3,000 shares of the business’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 completion of the transaction, the director now directly owns 11,670 shares of the company’s stock, valued at $652,469.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director James E. Poole sold 3,000 shares of the business’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 completion of the sale, the director now directly owns 11,670 shares of the company’s stock, valued at $652,469.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles Jeff Hardin sold 4,458 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total transaction of $252,144.48. Following the sale, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at $1,008,464.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,228 shares of company stock valued at $520,122. Insiders own 13.51% 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.