Mama’s Creations, Inc. (NASDAQ:MAMA) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 37.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,482 shares of the company’s stock after selling 6,864 shares during the period. XTX Topco Ltd’s holdings in Mama’s Creations were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wasatch Advisors LP acquired a new position in Mama’s Creations in the 4th quarter valued at about $19,069,000. Vanguard Group Inc. increased its position in shares of Mama’s Creations by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,479,944 shares of the company’s stock worth $7,400,000 after acquiring an additional 45,500 shares during the period. Russell Investments Group Ltd. raised its position in Mama’s Creations by 185.4% in the 1st quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after purchasing an additional 513,824 shares in the last quarter. First Eagle Investment Management LLC grew its holdings 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 worth $4,175,000 after acquiring an additional 386,542 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its stake in Mama’s Creations by 5.1% in the second quarter. Rice Hall James & Associates LLC now owns 446,004 shares of the company’s stock valued at $3,006,000 after buying an additional 21,790 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Mama’s Creations Stock Performance

NASDAQ MAMA opened at $7.52 on Wednesday. The business has a 50 day moving average price of $7.75 and a 200 day moving average price of $6.75. The company has a market capitalization of $280.22 million, a P/E ratio of 47.93 and a beta of 1.05. Mama’s Creations, Inc. has a 1-year low of $3.31 and a 1-year high of $8.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $28.38 million during 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 previous year, the company posted $0.05 EPS. Sell-side analysts expect that Mama’s Creations, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on MAMA. Roth Mkm reissued a “buy” rating and set a $10.00 price objective (up previously from $8.50) on shares of Mama’s Creations in a report on Wednesday, September 11th. Craig Hallum increased their price objective on Mama’s Creations from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Lake Street Capital lifted their target price on shares of Mama’s Creations from $7.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $10.00.

Insider Buying and Selling

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 65,898 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total transaction of $488,963.16. Following the sale, the chief executive officer now owns 543,260 shares in the company, valued at approximately $4,030,989.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.00% of the company’s stock.

Mama’s Creations Company Profile

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.