Nisa Investment Advisors LLC raised its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 12,652 shares of the basic materials company’s stock after buying an additional 118 shares during the period. Nisa Investment Advisors LLC’s holdings in Cal-Maine Foods were worth $502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Cal-Maine Foods by 3,766.5% in the first quarter. BlackRock Inc. now owns 3,706,968 shares of the basic materials company’s stock valued at $136,416,000 after buying an additional 3,611,093 shares during the last quarter. Vanguard Group Inc. increased its position in Cal-Maine Foods by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,682,585 shares of the basic materials company’s stock valued at $98,720,000 after buying an additional 127,576 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Cal-Maine Foods by 117.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,712,526 shares of the basic materials company’s stock valued at $63,021,000 after buying an additional 924,563 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Cal-Maine Foods by 7.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,517,059 shares of the basic materials company’s stock valued at $55,827,000 after buying an additional 108,970 shares during the last quarter. Finally, Royce & Associates LP increased its position in Cal-Maine Foods by 29.0% in the first quarter. Royce & Associates LP now owns 918,206 shares of the basic materials company’s stock valued at $33,790,000 after buying an additional 206,480 shares during the last quarter. Hedge funds and other institutional investors own 61.64% of the company’s stock.

Cal-Maine Foods, Inc. (CALM) traded up 1.96% during mid-day trading on Thursday, hitting $36.45. 38,339 shares of the stock traded hands. The firm’s 50-day moving average is $37.34 and its 200 day moving average is $38.32. The firm’s market cap is $1.77 billion. Cal-Maine Foods, Inc. has a 52-week low of $33.40 and a 52-week high of $46.47.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.42. The company had revenue of $274.60 million during the quarter, compared to analysts’ expectations of $271.33 million. Cal-Maine Foods had a negative return on equity of 8.57% and a negative net margin of 6.91%. Cal-Maine Foods’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS. Equities analysts predict that Cal-Maine Foods, Inc. will post $0.26 EPS for the current fiscal year.

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CALM has been the topic of several research reports. ValuEngine upgraded shares of Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Cleveland Research downgraded shares of Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a report on Tuesday, May 30th. BidaskClub downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective on the stock. in a report on Friday, June 16th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.70.

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.

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

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