Apis Capital Advisors LLC Sells 32,000 Shares of Mama's Creations, Inc. $MAMA

Key Points

• Apis Capital Advisors LLC reduced its holdings in Mama's Creations, Inc. by 9.7%, retaining 298,000 shares worth approximately $1.94 million, making it the firm's 29th largest investment.
• Institutional investors own about 45.18% of Mama's Creations stock, with notable increases in holdings from Expect Equity LLC (up 49.8%), Aristides Capital LLC (up 70.1%), and Penn Capital Management (up 170.1%).
• Mama's Creations has received mixed ratings from analysts, with Roth Capital maintaining a buy rating and a price target increase to $10.00, while Zacks downgraded it to a hold rating.

Apis Capital Advisors LLC trimmed its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,000 shares of the company's stock after selling 32,000 shares during the quarter. Mama's Creations accounts for about 0.9% of Apis Capital Advisors LLC's portfolio, making the stock its 29th biggest holding. Apis Capital Advisors LLC owned 0.79% of Mama's Creations worth $1,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAMA. AlphaQuest LLC acquired a new stake in Mama's Creations during the 1st quarter worth about $35,000. BNP Paribas Financial Markets acquired a new stake in Mama's Creations during the 4th quarter worth about $68,000. Legato Capital Management LLC acquired a new stake in Mama's Creations during the 1st quarter worth about $71,000. Price T Rowe Associates Inc. MD raised 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 worth $101,000 after buying an additional 2,073 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mama's Creations during the 1st quarter worth about $116,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAMA has been the subject of a number of recent research reports. Wall Street Zen downgraded Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Roth Capital reissued a "buy" rating and issued a $10.00 price objective (up from $9.00) on shares of Mama's Creations in a research note on Wednesday, June 4th. Finally, Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

Mama's Creations Stock Performance

Shares of NASDAQ MAMA traded down $0.05 during trading hours on Friday, reaching $9.35. The stock had a trading volume of 95,153 shares, compared to its average volume of 272,644. The business's fifty day moving average is $8.61 and its two-hundred day moving average is $7.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.29 and a quick ratio of 1.01. The company has a market cap of $351.65 million, a price-to-earnings ratio of 85.01 and a beta of 0.65. Mama's Creations, Inc. has a twelve month low of $5.50 and a twelve month high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Mama's Creations had a return on equity of 18.19% and a net margin of 3.41%.The business had revenue of $35.30 million during the quarter, compared to analyst estimates of $32.74 million. As a group, research analysts expect that Mama's Creations, Inc. will post 0.09 EPS for the current year.

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.