4,838 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,838 shares of the basic materials company’s stock, valued at approximately $362,000.

Several other hedge funds also recently made changes to their positions in CALM. Harbor Capital Advisors Inc. acquired a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at about $29,000. Hantz Financial Services Inc. acquired a new stake in shares of Cal-Maine Foods in the second quarter valued at approximately $25,000. Hexagon Capital Partners LLC grew its position in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 155 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Cal-Maine Foods during the third quarter worth approximately $33,000. Finally, Quarry LP increased its holdings in shares of Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $96.62 on Wednesday. Cal-Maine Foods, Inc. has a one year low of $46.30 and a one year high of $99.63. The company has a market cap of $4.74 billion, a P/E ratio of 11.07 and a beta of -0.12. The firm has a fifty day moving average of $86.55 and a two-hundred day moving average of $72.47.

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

Analyst Ratings Changes

A number of research analysts have commented on CALM shares. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Stephens assumed coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock.

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.