First Eagle Investment Management LLC Boosts Position in Mama's Creations, Inc. (NASDAQ:MAMA)

First Eagle Investment Management LLC grew its stake in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,135,417 shares of the company's stock after purchasing an additional 210,045 shares during the period. First Eagle Investment Management LLC owned approximately 3.02% of Mama's Creations worth $9,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MAMA. Planning Capital Management Corp acquired a new position in shares of Mama's Creations in the third quarter valued at approximately $36,000. FMR LLC increased its holdings in shares of Mama's Creations by 23,422.7% in the third quarter. FMR LLC now owns 5,175 shares of the company's stock valued at $38,000 after purchasing an additional 5,153 shares during the period. SG Americas Securities LLC increased its holdings in shares of Mama's Creations by 25.2% in the fourth quarter. SG Americas Securities LLC now owns 15,380 shares of the company's stock valued at $122,000 after purchasing an additional 3,093 shares during the period. PEAK6 Investments LLC grew its holdings in Mama's Creations by 28.1% during the third quarter. PEAK6 Investments LLC now owns 18,812 shares of the company's stock worth $137,000 after acquiring an additional 4,127 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Mama's Creations by 129.1% during the third quarter. MetLife Investment Management LLC now owns 20,087 shares of the company's stock worth $147,000 after acquiring an additional 11,318 shares during the period. Institutional investors and hedge funds own 45.18% of the company's stock.

Remove Ads

Mama's Creations Price Performance

MAMA traded up $0.15 during trading on Wednesday, reaching $6.26. 143,164 shares of the stock were exchanged, compared to its average volume of 342,881. The business's 50 day moving average price is $6.95 and its two-hundred day moving average price is $7.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market capitalization of $235.29 million, a price-to-earnings ratio of 69.56 and a beta of 1.05. Mama's Creations, Inc. has a 1 year low of $4.38 and a 1 year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its earnings results on Monday, December 16th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. During the same period in the previous year, the company earned $0.05 EPS. As a group, equities research analysts anticipate that Mama's Creations, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MAMA shares. Lake Street Capital upped their price objective on Mama's Creations from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Roth Mkm reaffirmed a "buy" rating and set a $11.00 price objective (up previously from $10.00) on shares of Mama's Creations in a report on Tuesday, December 17th.

Mama's Creations Company Profile

Mama's Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.