Heartland Advisors Inc. Sells 100,000 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Heartland Advisors Inc. lessened its stake in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 25.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after selling 100,000 shares during the quarter. Heartland Advisors Inc. owned about 0.80% of Mama's Creations worth $2,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAMA. FMR LLC grew its position in shares of Mama's Creations by 23,422.7% during the 3rd quarter. FMR LLC now owns 5,175 shares of the company's stock valued at $38,000 after purchasing an additional 5,153 shares in the last quarter. SG Americas Securities LLC lifted its position in Mama's Creations by 25.2% during 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 last quarter. PEAK6 Investments LLC grew its stake in Mama's Creations by 28.1% in the 3rd quarter. PEAK6 Investments LLC now owns 18,812 shares of the company's stock worth $137,000 after buying an additional 4,127 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Mama's Creations in the 4th quarter worth $141,000. Finally, MetLife Investment Management LLC raised its position in shares of Mama's Creations by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 20,087 shares of the company's stock valued at $147,000 after buying an additional 11,318 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

MAMA has been the topic of a number of research analyst reports. Roth Mkm reissued a "buy" rating and issued a $11.00 target price (up previously from $10.00) on shares of Mama's Creations in a research note on Tuesday, December 17th. 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.

Mama's Creations Trading Up 2.1 %

Mama's Creations stock traded up $0.13 during trading hours on Wednesday, reaching $6.47. The company had a trading volume of 51,928 shares, compared to its average volume of 345,121. The firm has a market cap of $243.19 million, a price-to-earnings ratio of 71.90 and a beta of 1.05. Mama's Creations, Inc. has a 12-month low of $4.38 and a 12-month high of $9.98. 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 50-day moving average price of $6.77 and a 200 day moving average price of $7.61.

About Mama's Creations

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.