Renaissance Technologies LLC Sells 136,958 Shares of Mama's Creations, Inc. (NASDAQ:MAMA)

Renaissance Technologies LLC trimmed its position in shares of Mama's Creations, Inc. (NASDAQ:MAMA - Free Report) by 30.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,400 shares of the company's stock after selling 136,958 shares during the period. Renaissance Technologies LLC owned approximately 0.82% of Mama's Creations worth $2,439,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in Mama's Creations by 20.7% in the 3rd quarter. State Street Corp now owns 489,623 shares of the company's stock valued at $3,574,000 after buying an additional 84,050 shares during the period. Barclays PLC raised its stake in Mama's Creations by 35.1% during the third quarter. Barclays PLC now owns 47,055 shares of the company's stock worth $343,000 after purchasing an additional 12,213 shares during the period. Geode Capital Management LLC grew its stake in Mama's Creations by 7.7% during the third quarter. Geode Capital Management LLC now owns 755,491 shares of the company's stock worth $5,516,000 after buying an additional 53,850 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Mama's Creations during the 3rd quarter valued at about $152,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Mama's Creations by 319.6% during the third quarter. JPMorgan Chase & Co. now owns 58,842 shares of the company's stock valued at $430,000 after acquiring an additional 44,817 shares in the last quarter. Hedge funds and other institutional investors own 45.18% of the company's stock.

Mama's Creations Stock Performance

Shares of NASDAQ MAMA traded up $0.27 during midday trading on Thursday, hitting $6.87. The company's stock had a trading volume of 62,337 shares, compared to its average volume of 348,207. Mama's Creations, Inc. has a 1-year low of $5.50 and a 1-year high of $9.98. The firm has a market cap of $258.28 million, a P/E ratio of 76.18 and a beta of 0.95. 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 firm's fifty day moving average price is $6.36 and its 200-day moving average price is $7.42.

Mama's Creations (NASDAQ:MAMA - Get Free Report) last announced its earnings results on Tuesday, April 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Mama's Creations had a net margin of 3.02% and a return on equity of 16.52%. The company had revenue of $33.59 million for the quarter, compared to the consensus estimate of $31.02 million. On average, sell-side analysts forecast that Mama's Creations, Inc. will post 0.09 EPS for the current fiscal year.

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.