Annex Advisory Services LLC Has $6.53 Million Holdings in Mama's Creations, Inc. (NASDAQ:MAMA)

Annex Advisory Services LLC reduced its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 about 2.67% of Mama's Creations worth $6,526,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAMA. Janus Henderson Group PLC grew its position in Mama's Creations by 4,483.6% during the fourth quarter. Janus Henderson Group PLC now owns 1,444,396 shares of the company's stock worth $11,497,000 after buying an additional 1,412,884 shares in the last quarter. Wasatch Advisors LP grew its position in Mama's Creations by 13.3% during the fourth quarter. Wasatch Advisors LP now owns 4,063,991 shares of the company's stock worth $32,349,000 after buying an additional 476,562 shares in the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in Mama's Creations during the fourth quarter worth about $3,748,000. First Eagle Investment Management LLC grew its position in Mama's Creations by 22.7% during the fourth quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company's stock worth $9,038,000 after buying an additional 210,045 shares in the last quarter. Finally, Expect Equity LLC acquired a new stake in Mama's Creations during the fourth quarter worth about $1,505,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Mama's Creations Price Performance

NASDAQ MAMA traded down $0.02 during trading on Friday, reaching $7.94. 390,093 shares of the company traded hands, compared to its average volume of 344,311. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17. The stock's 50 day moving average price is $6.92 and its two-hundred day moving average price is $7.29. The company has a market cap of $298.51 million, a price-to-earnings ratio of 88.23 and a beta of 0.71. Mama's Creations, Inc. has a 1-year low of $5.50 and a 1-year high of $9.98.

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