Amalgamated Bank Sells 424 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Amalgamated Bank trimmed its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,024 shares of the basic materials company’s stock after selling 424 shares during the quarter. Amalgamated Bank’s holdings in Cal-Maine Foods were worth $900,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CALM. Hantz Financial Services Inc. bought a new position in shares of Cal-Maine Foods during the 2nd quarter valued at approximately $25,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Hexagon Capital Partners LLC lifted its position in 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 valued at $32,000 after purchasing an additional 155 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Cal-Maine Foods in the third quarter worth about $33,000. Finally, Quarry LP boosted 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 worth $36,000 after purchasing an additional 553 shares during the period. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $90.44 on Friday. Cal-Maine Foods, Inc. has a fifty-two week low of $45.07 and a fifty-two week high of $95.06. The company has a market cap of $4.44 billion, a PE ratio of 10.36 and a beta of -0.12. The business has a 50-day simple moving average of $82.99 and a two-hundred day simple moving average of $70.42.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share 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 company 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 firm posted $0.02 EPS. The firm’s revenue for the quarter was up 71.1% on a year-over-year basis. On average, sell-side analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Stephens assumed coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price on the stock.

Insider Buying and Selling

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. The trade was a 8.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.45% of the stock is currently owned by company insiders.

About Cal-Maine Foods

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.