Panagora Asset Management Inc. cut its holdings in Cal-Maine Foods Inc (NASDAQ:CALM) by 73.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,973 shares of the basic materials company’s stock after selling 61,047 shares during the period. Panagora Asset Management Inc.’s holdings in Cal-Maine Foods were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CALM. Oakworth Capital Inc. purchased a new position in shares of Cal-Maine Foods during the second quarter worth about $44,000. NEXT Financial Group Inc boosted its holdings in Cal-Maine Foods by 28.6% in the 2nd quarter. NEXT Financial Group Inc now owns 1,350 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 300 shares in the last quarter. Intercontinental Wealth Advisors LLC boosted its holdings in Cal-Maine Foods by 27.6% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 2,318 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 502 shares in the last quarter. Advisor Group Inc. boosted its holdings in Cal-Maine Foods by 17.5% in the 2nd quarter. Advisor Group Inc. now owns 2,574 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 383 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Cal-Maine Foods in the 1st quarter valued at approximately $161,000. Institutional investors own 67.19% of the company’s stock.

Shares of Cal-Maine Foods stock traded down $0.40 during trading on Wednesday, reaching $41.61. The company had a trading volume of 17,107 shares, compared to its average volume of 599,809. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 35.79 and a beta of 0.40. The firm’s fifty day moving average is $40.48 and its 200-day moving average is $41.80. Cal-Maine Foods Inc has a fifty-two week low of $36.65 and a fifty-two week high of $51.55.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, July 22nd. The basic materials company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.15). Cal-Maine Foods had a return on equity of 5.67% and a net margin of 3.98%. The firm had revenue of $280.60 million during the quarter, compared to the consensus estimate of $294.23 million. During the same quarter last year, the company posted $1.48 EPS. Cal-Maine Foods’s revenue for the quarter was down 36.7% on a year-over-year basis. On average, equities analysts forecast that Cal-Maine Foods Inc will post -0.34 EPS for the current fiscal year.

CALM has been the subject of several research reports. ValuEngine downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Zacks Investment Research cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.00.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company 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.

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

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