SG Americas Securities LLC Boosts Stock Position in Mama’s Creations, Inc. (NASDAQ:MAMA)

SG Americas Securities LLC raised its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,380 shares of the company’s stock after purchasing an additional 3,093 shares during the quarter. SG Americas Securities LLC’s holdings in Mama’s Creations were worth $122,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Annex Advisory Services LLC grew its stake in Mama’s Creations by 71.0% during the 4th quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company’s stock valued at $9,722,000 after purchasing an additional 507,065 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Mama’s Creations by 319.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,842 shares of the company’s stock valued at $430,000 after purchasing an additional 44,817 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Mama’s Creations during the 3rd quarter valued at about $152,000. Barclays PLC grew its stake in Mama’s Creations by 35.1% during the 3rd quarter. Barclays PLC now owns 47,055 shares of the company’s stock valued at $343,000 after purchasing an additional 12,213 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Mama’s Creations by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 755,491 shares of the company’s stock valued at $5,516,000 after purchasing an additional 53,850 shares during the last quarter. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAMA. Lake Street Capital boosted their price target on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm restated 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.

Mama’s Creations Stock Down 0.1 %

Shares of MAMA opened at $7.53 on Wednesday. Mama’s Creations, Inc. has a 52 week low of $4.24 and a 52 week high of $9.98. 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 company has a market capitalization of $283.05 million, a price-to-earnings ratio of 83.68 and a beta of 1.08. The stock’s 50-day moving average price is $7.97 and its 200-day moving average price is $7.96.

Mama’s Creations (NASDAQ:MAMA) last issued 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 posted $0.05 earnings per share. On average, sell-side analysts predict that Mama’s Creations, Inc. will post 0.09 EPS for the current year.

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.