Allspring Global Investments Holdings LLC Lowers Position in Mama's Creations, Inc. (NASDAQ:MAMA)

Allspring Global Investments Holdings LLC decreased its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 92.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,928 shares of the company's stock after selling 140,580 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Mama's Creations were worth $87,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Annex Advisory Services LLC increased its stake in Mama's Creations by 71.0% in the 4th quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company's stock worth $9,722,000 after purchasing an additional 507,065 shares in the last quarter. Portolan Capital Management LLC lifted its position in shares of Mama's Creations by 177.2% in the 3rd quarter. Portolan Capital Management LLC now owns 953,629 shares of the company's stock valued at $6,961,000 after acquiring an additional 609,605 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mama's Creations by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 755,491 shares of the company's stock worth $5,516,000 after purchasing an additional 53,850 shares during the period. State Street Corp grew its holdings in shares of Mama's Creations by 20.7% during the third quarter. State Street Corp now owns 489,623 shares of the company's stock valued at $3,574,000 after buying an additional 84,050 shares in the last quarter. Finally, VELA Investment Management LLC increased its holdings in shares of Mama's Creations by 5.7% in the 3rd quarter. VELA Investment Management LLC now owns 409,092 shares of the company's stock valued at $2,986,000 after purchasing an additional 21,940 shares during the period. Institutional investors own 45.18% of the company's stock.

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Analyst Upgrades and Downgrades

MAMA has been the topic of several research reports. Lake Street Capital upped their target price on Mama's Creations from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Roth Mkm restated a "buy" rating and set a $11.00 price target (up from $10.00) on shares of Mama's Creations in a report on Tuesday, December 17th.

Mama's Creations Price Performance

MAMA traded up $0.15 during midday trading on Friday, reaching $6.11. 156,074 shares of the company's stock were exchanged, compared to its average volume of 308,325. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $7.89. The firm has a market capitalization of $229.66 million, a price-to-earnings ratio of 67.90 and a beta of 1.08. Mama's Creations, Inc. has a one year low of $4.38 and a one year high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its earnings results on Monday, December 16th. The company reported $0.01 earnings per share (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 quarter last year, the firm posted $0.05 EPS. As a group, research analysts predict that Mama's Creations, Inc. will post 0.09 EPS for the current year.

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.