Assenagon Asset Management S.A. Sells 1,409 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Assenagon Asset Management S.A. trimmed its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 36,394 shares of the basic materials company’s stock after selling 1,409 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Cal-Maine Foods worth $2,142,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Park Place Capital Corp purchased a new position in Cal-Maine Foods in the fourth quarter worth about $26,000. Cape Investment Advisory Inc. purchased a new position in Cal-Maine Foods in the fourth quarter worth about $32,000. TFO Wealth Partners LLC boosted its position in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 648 shares during the last quarter. Principal Securities Inc. purchased a new position in Cal-Maine Foods in the fourth quarter worth about $43,000. Finally, Signaturefd LLC boosted its position in Cal-Maine Foods by 44.2% in the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 233 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on CALM

Cal-Maine Foods Trading Up 2.8 %

Shares of NASDAQ CALM traded up $1.69 during trading hours on Tuesday, hitting $61.07. 736,587 shares of the company traded hands, compared to its average volume of 635,911. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 10.83 and a beta of -0.02. The company’s 50 day moving average price is $59.34 and its 200 day moving average price is $55.92. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $64.76.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last released its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.55. The firm had revenue of $703.08 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $6.62 EPS. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

About Cal-Maine Foods

(Free Report)

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.

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

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