Wasatch Advisors LP Sells 383,361 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Wasatch Advisors LP reduced its position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,587,429 shares of the company's stock after selling 383,361 shares during the period. Wasatch Advisors LP owned about 9.55% of Mama's Creations worth $26,188,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MAMA. Annex Advisory Services LLC raised its stake in Mama's Creations by 693.5% during the 3rd quarter. Annex Advisory Services LLC now owns 714,308 shares of the company's stock valued at $5,214,000 after acquiring an additional 624,289 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Mama's Creations by 166.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 619,376 shares of the company's stock valued at $4,175,000 after purchasing an additional 386,542 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Mama's Creations by 75.1% in the second quarter. Renaissance Technologies LLC now owns 441,200 shares of the company's stock valued at $2,974,000 after buying an additional 189,247 shares during the period. VELA Investment Management LLC boosted its stake in Mama's Creations by 87.9% during the second quarter. VELA Investment Management LLC now owns 387,152 shares of the company's stock valued at $2,609,000 after buying an additional 181,088 shares in the last quarter. Finally, Conestoga Capital Advisors LLC bought a new stake in Mama's Creations in the third quarter worth about $1,205,000. 45.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAMA. Roth Mkm reaffirmed a "buy" rating and issued a $10.00 price objective (up previously from $8.50) on shares of Mama's Creations in a research note on Wednesday, September 11th. Craig Hallum lifted their price target on shares of Mama's Creations from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mama's Creations presently has an average rating of "Buy" and a consensus price target of $10.00.

Insider Activity

In related news, CEO Adam Laurance Michaels sold 65,898 shares of Mama's Creations stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the sale, the chief executive officer now owns 543,260 shares of the company's stock, valued at approximately $4,030,989.20. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.00% of the stock is currently owned by corporate insiders.

Mama's Creations Stock Up 1.9 %

NASDAQ:MAMA traded up $0.18 during trading hours on Friday, hitting $9.77. 165,997 shares of the company's stock traded hands, compared to its average volume of 266,669. The stock's fifty day moving average price is $8.03 and its two-hundred day moving average price is $7.60. The firm has a market cap of $367.13 million, a P/E ratio of 75.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.17 and a current ratio of 1.37. Mama's Creations, Inc. has a twelve month low of $3.46 and a twelve month high of $9.87.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. Mama's Creations had a return on equity of 25.53% and a net margin of 4.51%. During the same quarter in the prior year, the company earned $0.05 EPS. On average, research analysts expect that Mama's Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

About Mama's Creations

Mama's Creations, Inc, together with its subsidiaries, manufactures and markets prepared refrigerated foods primarily in the United States. The company offers beef and turkey meatballs, meat loaf, chicken, sausage-related products, and pasta entrees; and hot bars, salad bars, prepared foods, sandwich, and cold deli and foods-to-go sections.