Calamos Advisors LLC Has $1.57 Million Stock Position in Mama's Creations, Inc. (NASDAQ:MAMA)

Calamos Advisors LLC lessened its holdings in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 37.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,752 shares of the company's stock after selling 144,512 shares during the quarter. Calamos Advisors LLC owned approximately 0.64% of Mama's Creations worth $1,567,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Wasatch Advisors LP increased its holdings in shares of Mama's Creations by 13.3% in the fourth quarter. Wasatch Advisors LP now owns 4,063,991 shares of the company's stock worth $32,349,000 after acquiring an additional 476,562 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Mama's Creations by 4,483.6% during the 4th quarter. Janus Henderson Group PLC now owns 1,444,396 shares of the company's stock worth $11,497,000 after purchasing an additional 1,412,884 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Mama's Creations by 22.7% in the 4th quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company's stock valued at $9,038,000 after purchasing an additional 210,045 shares during the period. Geode Capital Management LLC grew its holdings in Mama's Creations by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 757,796 shares of the company's stock valued at $6,033,000 after buying an additional 2,305 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in Mama's Creations by 32.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 687,417 shares of the company's stock worth $5,472,000 after buying an additional 169,825 shares during the period. Institutional investors own 45.18% of the company's stock.

Mama's Creations Price Performance

Shares of MAMA traded down $0.40 during trading hours on Monday, hitting $8.59. 348,549 shares of the company were exchanged, compared to its average volume of 313,397. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.07. The company has a market cap of $323.07 million, a price-to-earnings ratio of 78.10 and a beta of 0.69. The firm's fifty day moving average is $7.60 and its 200 day moving average is $7.15. Mama's Creations, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $35.30 million during the quarter, compared to analysts' expectations of $32.74 million. On average, equities analysts anticipate that Mama's Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a "buy" rating and set a $10.00 price target (up from $9.00) on shares of Mama's Creations in a research report on Wednesday, June 4th.

Mama's Creations Company 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.