Annex Advisory Services LLC Cuts Stock Position in Mama's Creations, Inc. (NASDAQ:MAMA)

Annex Advisory Services LLC lessened its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 17.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,002,439 shares of the company's stock after selling 218,934 shares during the quarter. Annex Advisory Services LLC owned 2.67% of Mama's Creations worth $6,526,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAMA. BNP Paribas Financial Markets bought a new stake in shares of Mama's Creations in the 4th quarter worth about $68,000. Price T Rowe Associates Inc. MD lifted its holdings in Mama's Creations by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company's stock valued at $101,000 after buying an additional 2,073 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Mama's Creations by 25.2% during the 4th quarter. SG Americas Securities LLC now owns 15,380 shares of the company's stock valued at $122,000 after buying an additional 3,093 shares in the last quarter. PEAK6 LLC bought a new stake in Mama's Creations during the 4th quarter valued at about $137,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Mama's Creations during the 4th quarter valued at about $141,000. Institutional investors own 45.18% of the company's stock.

Mama's Creations Trading Down 4.8%

MAMA traded down $0.40 on Thursday, reaching $7.96. 408,360 shares of the company traded hands, compared to its average volume of 342,901. Mama's Creations, Inc. has a one year low of $5.50 and a one year high of $9.98. The firm has a fifty day simple moving average of $6.88 and a two-hundred day simple moving average of $7.31. The company has a market cap of $299.26 million, a P/E ratio of 88.45 and a beta of 0.71. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%. The business had revenue of $35.30 million during the quarter, compared to analyst estimates of $32.74 million. As a group, equities research analysts expect that Mama's Creations, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a "buy" rating and set a $10.00 price objective (up previously from $9.00) on shares of Mama's Creations in a report on Wednesday.

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.