Quadrant Capital Group LLC Grows Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Quadrant Capital Group LLC lifted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 37.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 941 shares of the basic materials company’s stock after buying an additional 257 shares during the period. Quadrant Capital Group LLC’s holdings in Cal-Maine Foods were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC increased its position in Cal-Maine Foods by 6,480.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 39,417 shares of the basic materials company’s stock worth $2,262,000 after buying an additional 38,818 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Cal-Maine Foods by 2,543.8% during the 4th quarter. International Assets Investment Management LLC now owns 117,650 shares of the basic materials company’s stock valued at $67,520,000 after buying an additional 113,200 shares in the last quarter. Citigroup Inc. grew its stake in Cal-Maine Foods by 26.2% in the 3rd quarter. Citigroup Inc. now owns 42,829 shares of the basic materials company’s stock valued at $2,074,000 after buying an additional 8,898 shares in the last quarter. Toroso Investments LLC raised its holdings in Cal-Maine Foods by 227.5% during the 3rd quarter. Toroso Investments LLC now owns 41,724 shares of the basic materials company’s stock valued at $2,020,000 after acquiring an additional 28,983 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Cal-Maine Foods during the third quarter worth $1,533,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $60.35 on Monday. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $64.76. The company’s 50 day simple moving average is $59.37 and its two-hundred day simple moving average is $56.15. The stock has a market capitalization of $2.96 billion, a PE ratio of 10.70 and a beta of -0.02.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. The firm had revenue of $703.08 million during the quarter, compared to analysts’ expectations of $692.35 million. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The company’s revenue for the quarter was down 29.5% compared to the same quarter last year. During the same period in the prior year, the business earned $6.62 EPS. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 4.51 EPS for the current year.

Analyst Ratings Changes

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

About Cal-Maine Foods

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.