UBS Group AG Has $2.47 Million Stake in Mama’s Creations, Inc. $MAMA

UBS Group AG boosted its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 89.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,422 shares of the company’s stock after purchasing an additional 86,728 shares during the period. UBS Group AG owned about 0.45% of Mama’s Creations worth $2,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Mama’s Creations in the fourth quarter valued at $63,000. SG Americas Securities LLC acquired a new stake in Mama’s Creations in the fourth quarter valued at $119,000. Verition Fund Management LLC acquired a new stake in Mama’s Creations in the third quarter valued at $105,000. Walleye Capital LLC acquired a new stake in Mama’s Creations in the second quarter valued at $87,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Mama’s Creations in the third quarter valued at $117,000. 45.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MAMA. Wall Street Zen downgraded Mama’s Creations from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised Mama’s Creations from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. DA Davidson reissued a “buy” rating and issued a $25.00 price target on shares of Mama’s Creations in a research note on Wednesday, May 20th. Finally, Zacks Research lowered Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Mama’s Creations presently has an average rating of “Moderate Buy” and a consensus target price of $18.80.

Mama’s Creations Stock Performance

Shares of MAMA opened at $14.40 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. The stock has a 50-day moving average of $14.77 and a 200-day moving average of $14.13. The company has a market cap of $586.18 million, a PE ratio of 120.00 and a beta of 0.64. Mama’s Creations, Inc. has a one year low of $7.15 and a one year high of $17.85.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.64 million. Mama’s Creations had a return on equity of 15.31% and a net margin of 3.06%. On average, equities research analysts predict that Mama’s Creations, Inc. will post 0.25 EPS for the current fiscal year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of Mama’s Creations stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $15.30, for a total transaction of $248,211.90. Following the completion of the transaction, the chief executive officer owned 695,288 shares in the company, valued at approximately $10,637,906.40. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.03% of the company’s stock.

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. Its brands include MamaMancini’s, Creative Salads, and The Olive Branch. The company was founded by Daniel Dougherty on July 22, 2009 and is headquartered in East Rutherford, NJ.