Annex Advisory Services LLC Has $6.53 Million Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Annex Advisory Services LLC lessened its position in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 17.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,002,439 shares of the company’s stock after selling 218,934 shares during the quarter. Annex Advisory Services LLC’s holdings in Mama’s Creations were worth $6,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Mama’s Creations by 9.1% during the 4th quarter. Principal Financial Group Inc. now owns 22,785 shares of the company’s stock valued at $181,000 after purchasing an additional 1,896 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Mama’s Creations during the 4th quarter worth approximately $1,333,000. Barclays PLC grew its position in shares of Mama’s Creations by 10.8% during the 4th quarter. Barclays PLC now owns 52,127 shares of the company’s stock worth $415,000 after buying an additional 5,072 shares during the period. Northern Trust Corp grew its position in shares of Mama’s Creations by 2.6% during the 4th quarter. Northern Trust Corp now owns 268,933 shares of the company’s stock worth $2,141,000 after buying an additional 6,728 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Mama’s Creations by 3,085.4% during the 4th quarter. Deutsche Bank AG now owns 26,407 shares of the company’s stock worth $210,000 after buying an additional 25,578 shares during the period. Institutional investors and hedge funds own 45.18% of the company’s stock.

Mama’s Creations Price Performance

Shares of MAMA opened at $8.36 on Thursday. Mama’s Creations, Inc. has a 12-month low of $5.50 and a 12-month high of $9.98. The business’s fifty day moving average is $6.85 and its 200 day moving average is $7.31. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.16. The stock has a market cap of $314.30 million, a P/E ratio of 92.90 and a beta of 0.71.

Mama’s Creations (NASDAQ:MAMA) last issued its earnings results on Tuesday, June 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%. The company had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $32.74 million. Sell-side analysts anticipate that Mama’s Creations, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a “buy” rating and set a $10.00 price objective (up previously from $9.00) on shares of Mama’s Creations in a research report on Wednesday.

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.