Trexquant Investment LP purchased a new stake in Cal-Maine (NASDAQ:CALM) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,745 shares of the basic materials company’s stock, valued at approximately $601,000.
Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Cal-Maine in the 1st quarter valued at about $140,000. Jump Trading LLC bought a new stake in shares of Cal-Maine in the 4th quarter valued at about $275,000. Unison Advisors LLC bought a new stake in shares of Cal-Maine in the 4th quarter valued at about $303,000. Jane Street Group LLC boosted its holdings in shares of Cal-Maine by 2,281.4% in the 4th quarter. Jane Street Group LLC now owns 6,806 shares of the basic materials company’s stock valued at $303,000 after buying an additional 7,118 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Cal-Maine in the 1st quarter valued at about $328,000. Institutional investors and hedge funds own 55.77% of the company’s stock.
A number of research firms have recently weighed in on CALM. BidaskClub upgraded shares of Cal-Maine from a “buy” rating to a “strong-buy” rating in a report on Friday, April 20th. Zacks Investment Research upgraded shares of Cal-Maine from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a report on Friday, April 13th. ValuEngine upgraded shares of Cal-Maine from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. TheStreet upgraded shares of Cal-Maine from a “c” rating to a “b” rating in a research note on Monday, April 2nd. Finally, Stephens lifted their target price on shares of Cal-Maine from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.50.
Cal-Maine (NASDAQ:CALM) last released its earnings results on Monday, April 2nd. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. The company had revenue of $435.80 million during the quarter, compared to analysts’ expectations of $404.33 million. Cal-Maine had a net margin of 2.23% and a return on equity of 5.62%. Cal-Maine’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. analysts anticipate that Cal-Maine will post 2.05 earnings per share for the current fiscal year.
In related news, VP Charles Jeff Hardin sold 2,036 shares of Cal-Maine stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $47.39, for a total value of $96,486.04. Following the completion of the sale, the vice president now directly owns 3,800 shares in the company, valued at approximately $180,082. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 33.22% of the stock is owned by company insiders.
Cal-Maine Company Profile
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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