Russell Investments Group Ltd. reduced its stake in Cal-Maine Foods Inc (NASDAQ:CALM) by 93.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,029 shares of the basic materials company’s stock after selling 60,088 shares during the period. Russell Investments Group Ltd.’s holdings in Cal-Maine Foods were worth $166,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of Cal-Maine Foods by 22.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,161 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 590 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Cal-Maine Foods by 48.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,423 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 1,111 shares during the last quarter. Sei Investments Co. boosted its position in shares of Cal-Maine Foods by 42.4% in the 3rd quarter. Sei Investments Co. now owns 3,882 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 1,156 shares during the last quarter. Aviance Capital Management LLC bought a new position in shares of Cal-Maine Foods in the 2nd quarter worth $191,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth $252,000. Institutional investors and hedge funds own 62.97% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Cleveland Research upgraded Cal-Maine Foods from a “sell” rating to a “neutral” rating in a report on Saturday, December 30th. BidaskClub lowered Cal-Maine Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Finally, Stephens upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $50.00 in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Cal-Maine Foods currently has an average rating of “Hold” and an average target price of $39.00.

Cal-Maine Foods Inc (CALM) opened at $43.65 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 2.78. The firm has a market capitalization of $2,120.00, a PE ratio of -35.49 and a beta of 0.76. Cal-Maine Foods Inc has a twelve month low of $33.40 and a twelve month high of $50.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Friday, January 5th. The basic materials company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.15). The business had revenue of $361.20 million for the quarter, compared to the consensus estimate of $370.85 million. Cal-Maine Foods had a negative return on equity of 1.15% and a negative net margin of 5.18%. The business’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. equities analysts predict that Cal-Maine Foods Inc will post 1 EPS for the current year.

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Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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