Uniplan Investment Counsel Inc. Reduces Holdings in Mama's Creations, Inc. $MAMA

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Mama's Creations, Inc. by 26.1%, owning 451,180 shares worth approximately $2.9 million after selling 159,426 shares in the first quarter.
• Multiple institutional investors have also altered their positions, with hedge funds and other entities owning 45.18% of the stock.
• Analyst ratings have varied, as Zacks Research downgraded Mama's Creations to a "hold" while Roth Capital maintained a "buy" rating with a price target increase to $10.00.

Uniplan Investment Counsel Inc. lowered its position in Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 26.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 451,180 shares of the company's stock after selling 159,426 shares during the period. Uniplan Investment Counsel Inc. owned approximately 1.20% of Mama's Creations worth $2,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in Mama's Creations during the 1st quarter valued at approximately $35,000. BNP Paribas Financial Markets acquired a new stake in shares of Mama's Creations during the 4th quarter worth approximately $68,000. Legato Capital Management LLC purchased a new position in shares of Mama's Creations during the 1st quarter worth $71,000. Price T Rowe Associates Inc. MD boosted its position in shares of Mama's Creations by 19.7% during the fourth 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 purchased a new stake in Mama's Creations during the 1st quarter worth about $116,000. Hedge funds and other institutional investors own 45.18% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research downgraded Mama's Creations from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Roth Capital raised their target price on shares of Mama's Creations from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday. Lake Street Capital raised their price target on Mama's Creations from $11.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of Mama's Creations from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.00.

Mama's Creations Stock Down 1.5%

Shares of NASDAQ:MAMA traded down $0.15 during mid-day trading on Friday, hitting $9.46. 123,556 shares of the company traded hands, compared to its average volume of 281,159. The firm's 50 day simple moving average is $8.71 and its 200 day simple moving average is $7.58. The firm has a market cap of $382.93 million, a P/E ratio of 86.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.58. Mama's Creations, Inc. has a 52-week low of $5.50 and a 52-week high of $9.98.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last posted its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $33.18 million. Mama's Creations had a net margin of 3.34% and a return on equity of 17.41%. During the same quarter last year, the firm posted $0.03 earnings per share. On average, equities 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.