Walleye Capital LLC decreased its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA – Free Report) by 78.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 19,576 shares of the company’s stock after selling 71,870 shares during the quarter. Walleye Capital LLC’s holdings in Mama’s Creations were worth $300,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MAMA. American Century Companies Inc. boosted its stake in Mama’s Creations by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 89,062 shares of the company’s stock valued at $739,000 after purchasing an additional 1,375 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Mama’s Creations by 4.8% in the second quarter. Rhumbline Advisers now owns 46,824 shares of the company’s stock valued at $389,000 after buying an additional 2,125 shares during the period. Invesco Ltd. boosted its stake in Mama’s Creations by 10.9% during the fourth quarter. Invesco Ltd. now owns 22,299 shares of the company’s stock valued at $301,000 after buying an additional 2,183 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Mama’s Creations by 13.0% during the third quarter. Alliancebernstein L.P. now owns 21,750 shares of the company’s stock valued at $229,000 after buying an additional 2,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Mama’s Creations by 14.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,692 shares of the company’s stock worth $280,000 after acquiring an additional 2,646 shares during the period. 45.18% of the stock is currently owned by institutional investors and hedge funds.
Mama’s Creations Trading Up 1.5%
Shares of MAMA opened at $17.74 on Friday. The business’s 50-day moving average price is $16.68 and its 200 day moving average price is $15.57. The company has a current ratio of 2.32, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $726.28 million, a P/E ratio of 126.71 and a beta of 0.56. Mama’s Creations, Inc. has a 1-year low of $7.88 and a 1-year high of $21.00.
Analyst Upgrades and Downgrades
MAMA has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Mama’s Creations from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. William Blair assumed coverage on shares of Mama’s Creations in a report on Friday. They issued an “outperform” rating on the stock. Weiss Ratings lowered shares of Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. DA Davidson restated a “buy” rating and set a $25.00 target price on shares of Mama’s Creations in a report on Monday, July 13th. Finally, Zacks Research upgraded shares of Mama’s Creations from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mama’s Creations has a consensus rating of “Buy” and a consensus target price of $19.83.
Check Out Our Latest Stock Report on Mama’s Creations
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. 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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