Renaissance Technologies LLC Lowers Stock Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Renaissance Technologies LLC lowered its holdings in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,400 shares of the company's stock after selling 136,958 shares during the period. Renaissance Technologies LLC owned approximately 0.82% of Mama's Creations worth $2,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MAMA. Principal Financial Group Inc. grew its stake in shares of Mama's Creations by 9.1% in the 4th quarter. Principal Financial Group Inc. now owns 22,785 shares of the company's stock worth $181,000 after buying an additional 1,896 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Mama's Creations by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock worth $6,033,000 after purchasing an additional 2,305 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Mama's Creations by 0.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 371,309 shares of the company's stock worth $2,956,000 after purchasing an additional 2,777 shares in the last quarter. Evernest Financial Advisors LLC grew its position in Mama's Creations by 1.5% during the 4th quarter. Evernest Financial Advisors LLC now owns 190,907 shares of the company's stock valued at $1,520,000 after purchasing an additional 2,907 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Mama's Creations by 25.2% during the 4th 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 in the last quarter. Institutional investors own 45.18% of the company's stock.

Mama's Creations Price Performance

Shares of NASDAQ MAMA remained flat at $6.46 during midday trading on Tuesday. 201,303 shares of the stock traded hands, compared to its average volume of 348,804. The stock has a market cap of $242.87 million, a P/E ratio of 71.79 and a beta of 0.95. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $6.37 and its 200 day moving average is $7.43. Mama's Creations, Inc. has a 52-week low of $5.50 and a 52-week high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Tuesday, April 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Mama's Creations had a return on equity of 16.52% and a net margin of 3.02%. The business had revenue of $33.59 million for the quarter, compared to the consensus estimate of $31.02 million. As a group, analysts expect that Mama's Creations, Inc. will post 0.09 EPS for the current fiscal 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.