First Eagle Investment Management LLC lessened its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,277,470 shares of the company’s stock after selling 60,144 shares during the period. First Eagle Investment Management LLC’s holdings in Mama’s Creations were worth $17,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in Mama’s Creations by 1.6% in the second quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock worth $739,000 after purchasing an additional 1,375 shares during the period. Rhumbline Advisers boosted its holdings in Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock worth $389,000 after purchasing an additional 2,125 shares during the period. Alliancebernstein L.P. boosted its holdings in Mama’s Creations by 13.0% in the third quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock worth $229,000 after purchasing an additional 2,500 shares during the period. Quantbot Technologies LP boosted its holdings in Mama’s Creations by 16.7% in the third quarter. Quantbot Technologies LP now owns 19,146 shares of the company’s stock worth $201,000 after purchasing an additional 2,738 shares during the period. Finally, Trail Ridge Investment Advisors LLC boosted its holdings in Mama’s Creations by 4.3% in the fourth quarter. Trail Ridge Investment Advisors LLC now owns 78,680 shares of the company’s stock worth $1,061,000 after purchasing an additional 3,230 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Adam Laurance Michaels sold 16,223 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $15.30, for a total value of $248,211.90. Following the completion of the transaction, the chief executive officer owned 695,288 shares of the company’s stock, valued at approximately $10,637,906.40. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 6.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on Mama’s Creations
Mama’s Creations Price Performance
Shares of NASDAQ MAMA opened at $13.43 on Tuesday. Mama’s Creations, Inc. has a 1-year low of $6.37 and a 1-year high of $17.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. The business’s fifty day moving average price is $15.15 and its two-hundred day moving average price is $13.83. The firm has a market capitalization of $546.06 million, a PE ratio of 111.92 and a beta of 0.64.
Mama’s Creations (NASDAQ:MAMA – Get Free Report) last issued its earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%.The firm had revenue of $53.99 million for the quarter, compared to analyst estimates of $52.64 million. On average, research analysts expect that Mama’s Creations, Inc. will post 0.25 EPS for the current year.
Mama’s Creations 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. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.
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