Trexquant Investment LP Has $5.84 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Trexquant Investment LP decreased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,731 shares of the basic materials company’s stock after selling 6,054 shares during the period. Trexquant Investment LP owned approximately 0.12% of Cal-Maine Foods worth $5,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Cal-Maine Foods by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock worth $504,885,000 after buying an additional 118,162 shares in the last quarter. State Street Corp raised its holdings in shares of Cal-Maine Foods by 3.0% in the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after purchasing an additional 46,187 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock worth $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock worth $102,801,000 after purchasing an additional 104,512 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Cal-Maine Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock valued at $74,000,000 after acquiring an additional 10,984 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $92.29 on Friday. The business has a fifty day simple moving average of $95.22 and a two-hundred day simple moving average of $95.04. Cal-Maine Foods, Inc. has a 1 year low of $55.15 and a 1 year high of $116.41. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 7.18 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last posted 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. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter last year, the company posted $0.35 EPS. Cal-Maine Foods’s quarterly revenue was up 82.5% compared to the same quarter last year. As a group, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

CALM has been the subject of several recent analyst reports. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Insiders Place Their Bets

In related news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.45% of the company’s stock.

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.