Weiss Asset Management LP Makes New $3.98 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Weiss Asset Management LP purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 53,213 shares of the basic materials company’s stock, valued at approximately $3,982,000. Weiss Asset Management LP owned approximately 0.11% of Cal-Maine Foods at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in Cal-Maine Foods during the second quarter worth approximately $25,000. Harbor Capital Advisors Inc. purchased a new position in shares of Cal-Maine Foods in the third quarter valued at approximately $29,000. Hexagon Capital Partners LLC lifted its position in shares of Cal-Maine Foods by 57.0% in the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Cal-Maine Foods in the third quarter valued at approximately $33,000. Finally, Quarry LP lifted its position in shares of Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $99.22 on Friday. Cal-Maine Foods, Inc. has a one year low of $48.22 and a one year high of $100.86. The stock has a market cap of $4.87 billion, a PE ratio of 11.37 and a beta of -0.10. The stock has a 50 day moving average price of $90.91 and a 200 day moving average price of $74.74.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The company had revenue of $785.87 million during the quarter, compared to analyst estimates of $704.65 million. During the same period in the prior year, the business posted $0.02 EPS. Cal-Maine Foods’s revenue for the quarter was up 71.1% compared to the same quarter last year. As a group, analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CALM has been the topic of several research reports. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price on the stock. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd.

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.