Sprott Inc. Sells 30,000 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Sprott Inc. decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,000 shares of the basic materials company’s stock after selling 30,000 shares during the period. Sprott Inc. owned approximately 0.23% of Cal-Maine Foods worth $11,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. purchased a new position in Cal-Maine Foods in the 3rd quarter worth approximately $29,000. Quarry LP lifted its holdings in shares of Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 189 shares during the last quarter. GAMMA Investing LLC grew its position in Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 267 shares in the last quarter. Nisa Investment Advisors LLC increased its stake 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 acquiring an additional 1,118 shares during the last quarter. Finally, KBC Group NV raised its position in Cal-Maine Foods by 59.8% during the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 629 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $88.07 on Wednesday. Cal-Maine Foods, Inc. has a 52-week low of $54.88 and a 52-week high of $116.41. The company has a fifty day moving average of $104.75 and a 200-day moving average of $91.71. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 6.85 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 82.5% on a year-over-year basis. On average, equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company’s stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.45% of the stock is currently owned by corporate insiders.

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.