Cerity Partners LLC Sells 9,861 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cerity Partners LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 33.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,235 shares of the basic materials company’s stock after selling 9,861 shares during the quarter. Cerity Partners LLC’s holdings in Cal-Maine Foods were worth $1,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $1,123,000. HighTower Advisors LLC boosted its holdings in shares of Cal-Maine Foods by 17.1% during the fourth quarter. HighTower Advisors LLC now owns 11,369 shares of the basic materials company’s stock worth $1,170,000 after purchasing an additional 1,661 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Cal-Maine Foods by 5.2% during the fourth quarter. Natixis Advisors LLC now owns 10,772 shares of the basic materials company’s stock worth $1,109,000 after purchasing an additional 536 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $231,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $395,000. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Down 0.8%

Shares of CALM opened at $105.94 on Monday. The company has a market capitalization of $5.20 billion, a P/E ratio of 5.24 and a beta of 0.17. The firm has a 50 day moving average of $98.79 and a 200 day moving average of $97.67. Cal-Maine Foods, Inc. has a twelve month low of $63.37 and a twelve month high of $116.41.

Wall Street Analyst Weigh In

Several analysts have commented on CALM shares. BMO Capital Markets upgraded shares of Cal-Maine Foods to a “hold” rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 5th. Finally, Stephens raised their price objective on shares of Cal-Maine Foods from $97.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th.

Cal-Maine Foods Profile

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.