Expect Equity LLC Lowers Position in Mama’s Creations, Inc. $MAMA

Expect Equity LLC lessened its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 28.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,023 shares of the company’s stock after selling 74,567 shares during the period. Mama’s Creations accounts for approximately 2.5% of Expect Equity LLC’s portfolio, making the stock its 16th largest holding. Expect Equity LLC owned approximately 0.47% of Mama’s Creations worth $2,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MAMA. State of Alaska Department of Revenue purchased a new stake in shares of Mama’s Creations in the fourth quarter worth $63,000. Walleye Capital LLC purchased a new stake in shares of Mama’s Creations in the second quarter worth $87,000. Prudential Financial Inc. purchased a new stake in shares of Mama’s Creations in the second quarter worth $100,000. Verition Fund Management LLC purchased a new stake in shares of Mama’s Creations in the third quarter worth $105,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Mama’s Creations in the third quarter worth $117,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.

Insiders Place Their Bets

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the firm’s 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 sale, the chief executive officer owned 695,288 shares in the company, valued at $10,637,906.40. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. 1.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MAMA shares. Zacks Research downgraded Mama’s Creations from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. DA Davidson restated a “buy” rating and set a $25.00 price target on shares of Mama’s Creations in a research report on Wednesday, May 20th. Wall Street Zen upgraded Mama’s Creations from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings downgraded Mama’s Creations from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.80.

Mama’s Creations Trading Up 4.0%

NASDAQ MAMA opened at $15.73 on Thursday. The stock’s 50-day simple moving average is $14.58 and its two-hundred day simple moving average is $14.59. Mama’s Creations, Inc. has a twelve month low of $7.82 and a twelve month high of $17.85. The company has a quick ratio of 1.90, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $640.37 million, a price-to-earnings ratio of 112.36 and a beta of 0.60.

Mama’s Creations (NASDAQ:MAMA) last released its quarterly earnings results on Monday, June 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Mama’s Creations had a return on equity of 14.69% and a net margin of 3.21%.The business had revenue of $52.77 million for the quarter, compared to the consensus estimate of $51.63 million. During the same quarter last year, the business posted $0.03 earnings per share. Research analysts forecast that Mama’s Creations, Inc. will post 0.26 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. 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.