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

UBS Group AG raised its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 89.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 183,422 shares of the company’s stock after buying an additional 86,728 shares during the period. UBS Group AG’s holdings in Mama’s Creations were worth $2,474,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Mama’s Creations during the 4th quarter worth approximately $63,000. Walleye Capital LLC bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $87,000. Prudential Financial Inc. bought a new position in shares of Mama’s Creations during the 2nd quarter worth approximately $100,000. Verition Fund Management LLC bought a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $105,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Mama’s Creations during the 3rd quarter worth approximately $117,000. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Trading Down 2.8%

Shares of MAMA stock opened at $14.40 on Wednesday. The company’s fifty day simple moving average is $14.77 and its two-hundred day simple moving average is $14.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.71. Mama’s Creations, Inc. has a 1 year low of $7.15 and a 1 year high of $17.85. The stock has a market capitalization of $586.18 million, a price-to-earnings ratio of 120.00 and a beta of 0.64.

Mama’s Creations (NASDAQ:MAMA) last issued its 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. Mama’s Creations had a net margin of 3.06% and a return on equity of 15.31%. The business had revenue of $53.99 million for the quarter, compared to analysts’ expectations of $52.64 million. As a group, analysts anticipate that Mama’s Creations, Inc. will post 0.25 earnings per share for the current year.

Insider Transactions at Mama’s Creations

In other Mama’s Creations news, CEO Adam Laurance Michaels sold 16,223 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were 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 of the company’s stock, valued at $10,637,906.40. The trade was a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.

Wall Street Analyst Weigh In

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

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.