Corecommodity Management Lowers stake in Cal-Maine Foods Inc (CALM)

Cal-Maine Foods Inc (CALM) : Corecommodity Management reduced its stake in Cal-Maine Foods Inc by 24.01% during the most recent quarter end. The investment management company now holds a total of 92,442 shares of Cal-Maine Foods Inc which is valued at $3,877,942 after selling 29,204 shares in Cal-Maine Foods Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cal-Maine Foods Inc makes up approximately 3.99% of Corecommodity Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp sold out all of its stake in CALM during the most recent quarter. The investment firm sold 88,109 shares of CALM which is valued $3,696,173. Ft Options sold out all of its stake in CALM during the most recent quarter. The investment firm sold 82,081 shares of CALM which is valued $3,238,095.Riverhead Capital Management reduced its stake in CALM by selling 6,869 shares or 82.08% in the most recent quarter. The Hedge Fund company now holds 1,500 shares of CALM which is valued at $59,175. Lucus Advisors sold out all of its stake in CALM during the most recent quarter. The investment firm sold 7,891 shares of CALM which is valued $288,022. Lingohr Partner Asset Management Gmbh sold out all of its stake in CALM during the most recent quarter. The investment firm sold 13,801 shares of CALM which is valued $526,646.

Cal-Maine Foods Inc opened for trading at $39.85 and hit $40.6 on the upside on Monday, eventually ending the session at $40, with a gain of 0.13% or 0.05 points. The heightened volatility saw the trading volume jump to 2,70,320 shares. Company has a market cap of $1,941 M.

On the company’s financial health, Cal-Maine Foods Inc reported $-0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.31 based on the information available during the earnings call on Sep 26, 2016. Analyst had a consensus of $-0.33. The company had revenue of $239.80 million for the quarter, compared to analysts expectations of $268.78 million. The company’s revenue was down -60.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.95 EPS.

Many Wall Street Analysts have commented on Cal-Maine Foods Inc. Goldman Initiated Cal-Maine Foods Inc on Nov 10, 2016 to “Neutral”, Price Target of the shares are set at $37.

Cal-Maine Foods Inc. is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production grading packaging marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern southeastern mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers including national and regional grocery store chains club stores foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands such as Egg-Land’s Best Land O’ Lakes Farmhouse and 4-Grain. The Company also produces markets and distributes private label specialty shell eggs to several customers.

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