Navellier & Associates Inc. Takes $1.94 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Navellier & Associates Inc. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, HoldingsChannel reports. The fund bought 18,832 shares of the basic materials company’s stock, valued at approximately $1,938,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CALM. Creative Planning boosted its holdings in shares of Cal-Maine Foods by 34.7% in the third quarter. Creative Planning now owns 10,249 shares of the basic materials company’s stock valued at $767,000 after acquiring an additional 2,641 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cal-Maine Foods in the third quarter valued at about $58,810,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Cal-Maine Foods by 68.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 15,919 shares of the basic materials company’s stock worth $1,191,000 after buying an additional 6,460 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Cal-Maine Foods by 2.7% during the third quarter. Tectonic Advisors LLC now owns 18,101 shares of the basic materials company’s stock worth $1,355,000 after buying an additional 469 shares in the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in Cal-Maine Foods during the third quarter worth about $202,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.9 %

CALM stock opened at $90.96 on Friday. The company has a market cap of $4.46 billion, a P/E ratio of 7.08 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52 week low of $54.88 and a 52 week high of $116.41. The company’s 50-day moving average price is $105.58 and its 200 day moving average price is $91.14.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the transaction, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.45% of the stock is currently owned by company insiders.

Cal-Maine Foods Company 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.