Geode Capital Management LLC Has $5.52 Million Holdings in Mama’s Creations, Inc. (NASDAQ:MAMA)

Geode Capital Management LLC boosted its stake in shares of Mama’s Creations, Inc. (NASDAQ:MAMAFree Report) by 7.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 755,491 shares of the company’s stock after purchasing an additional 53,850 shares during the period. Geode Capital Management LLC owned about 2.01% of Mama’s Creations worth $5,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Mama’s Creations by 312.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,165 shares of the company’s stock worth $796,000 after purchasing an additional 89,527 shares during the last quarter. Rhumbline Advisers bought a new stake in Mama’s Creations during the 2nd quarter worth about $260,000. Rice Hall James & Associates LLC lifted its holdings in Mama’s Creations by 5.1% in the second quarter. Rice Hall James & Associates LLC now owns 446,004 shares of the company’s stock valued at $3,006,000 after buying an additional 21,790 shares during the period. Evernest Financial Advisors LLC bought a new position in shares of Mama’s Creations in the 2nd quarter worth $337,000. Finally, American Century Companies Inc. grew its position in shares of Mama’s Creations by 53.2% during the 2nd quarter. American Century Companies Inc. now owns 58,128 shares of the company’s stock worth $392,000 after buying an additional 20,191 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.

Mama’s Creations Price Performance

Shares of NASDAQ MAMA opened at $7.77 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.37 and a quick ratio of 1.17. Mama’s Creations, Inc. has a fifty-two week low of $4.17 and a fifty-two week high of $9.98. The stock has a market capitalization of $292.05 million, a PE ratio of 59.77 and a beta of 1.10. The business has a fifty day moving average price of $8.41 and a two-hundred day moving average price of $7.89.

Mama’s Creations (NASDAQ:MAMAGet Free Report) last released its quarterly earnings data on Monday, December 16th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mama’s Creations had a net margin of 4.51% and a return on equity of 25.53%. During the same period last year, the business earned $0.05 earnings per share. As a group, equities analysts predict that Mama’s Creations, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Roth Mkm reissued a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th. Lake Street Capital increased their price target on Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Craig Hallum upped their target price on shares of Mama’s Creations from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.67.

Check Out Our Latest Research Report on Mama’s Creations

Mama’s Creations Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mama's Creations (NASDAQ:MAMA)

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