Squarepoint Ops LLC Purchases 7,960 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

Squarepoint Ops LLC increased its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 32.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,246 shares of the company’s stock after acquiring an additional 7,960 shares during the quarter. Squarepoint Ops LLC’s holdings in Mama’s Creations were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MAMA. First Eagle Investment Management LLC acquired a new position in Mama’s Creations during the 1st quarter valued at about $1,164,000. Russell Investments Group Ltd. lifted its holdings in Mama’s Creations by 185.4% in the first quarter. Russell Investments Group Ltd. now owns 790,987 shares of the company’s stock valued at $3,955,000 after buying an additional 513,824 shares during the period. Annex Advisory Services LLC bought a new position in Mama’s Creations in the second quarter valued at approximately $607,000. Ancora Advisors LLC grew its holdings in Mama’s Creations by 123.5% during the 1st quarter. Ancora Advisors LLC now owns 254,180 shares of the company’s stock worth $1,271,000 after acquiring an additional 140,460 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Mama’s Creations by 312.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock worth $796,000 after acquiring an additional 89,527 shares during the period. Institutional investors own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MAMA shares. Craig Hallum increased their price target on Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price (up previously from $8.50) on shares of Mama’s Creations in a research note on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.00.

Insider Transactions at Mama’s Creations

In related news, CEO Adam Laurance Michaels sold 65,898 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $7.42, for a total value of $488,963.16. Following the completion of the transaction, the chief executive officer now directly owns 543,260 shares in the company, valued at approximately $4,030,989.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by insiders.

Mama’s Creations Trading Up 0.6 %

Shares of NASDAQ MAMA opened at $8.07 on Friday. Mama’s Creations, Inc. has a twelve month low of $3.31 and a twelve month high of $8.69. The stock has a market cap of $303.27 million, a price-to-earnings ratio of 62.08 and a beta of 1.03. The company has a quick ratio of 1.17, a current ratio of 1.37 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $7.83 and its 200-day moving average is $6.93.

Mama’s Creations (NASDAQ:MAMA) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Mama’s Creations had a return on equity of 25.53% and a net margin of 4.51%. The business had revenue of $28.38 million for the quarter, compared to the consensus estimate of $27.80 million. During the same quarter last year, the business posted $0.05 EPS. Equities research analysts predict that Mama’s Creations, Inc. will post 0.14 EPS for the current year.

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.