Great West Life Assurance Co. Can grew its position in Cal-Maine (NASDAQ:CALM) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,174 shares of the basic materials company’s stock after acquiring an additional 2,850 shares during the quarter. Great West Life Assurance Co. Can owned about 0.50% of Cal-Maine worth $10,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Cal-Maine by 118.8% in the first quarter. JPMorgan Chase & Co. now owns 20,023 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 10,870 shares in the last quarter. BlackRock Inc. lifted its position in shares of Cal-Maine by 1.5% in the first quarter. BlackRock Inc. now owns 3,828,096 shares of the basic materials company’s stock valued at $167,289,000 after acquiring an additional 56,980 shares in the last quarter. Dean Investment Associates LLC lifted its position in shares of Cal-Maine by 17.7% in the first quarter. Dean Investment Associates LLC now owns 101,112 shares of the basic materials company’s stock valued at $4,419,000 after acquiring an additional 15,235 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Cal-Maine in the first quarter valued at approximately $222,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Cal-Maine in the first quarter valued at approximately $145,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

In related news, VP Charles Jeff Hardin sold 2,036 shares of Cal-Maine stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $47.39, for a total transaction of $96,486.04. Following the transaction, the vice president now owns 3,800 shares in the company, valued at $180,082. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 33.22% of the company’s stock.

CALM has been the topic of several research reports. TheStreet upgraded Cal-Maine from a “c” rating to a “b” rating in a research report on Monday, April 2nd. BidaskClub downgraded Cal-Maine from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 4th. ValuEngine upgraded Cal-Maine from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Cal-Maine from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Finally, Stephens raised their target price on Cal-Maine from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Cal-Maine currently has a consensus rating of “Hold” and an average target price of $46.67.

Shares of Cal-Maine stock opened at $46.40 on Tuesday. Cal-Maine has a one year low of $33.40 and a one year high of $50.45. The company has a market cap of $2.28 billion, a P/E ratio of -30.13 and a beta of 0.59.

Cal-Maine (NASDAQ:CALM) last announced its quarterly earnings data on Monday, April 2nd. The basic materials company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.01. Cal-Maine had a return on equity of 5.62% and a net margin of 2.23%. The firm had revenue of $435.80 million for the quarter, compared to the consensus estimate of $404.33 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm’s revenue was up 42.2% compared to the same quarter last year. analysts forecast that Cal-Maine will post 2.95 EPS for the current year.

About Cal-Maine

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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

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