Heartland Advisors Inc. Sells 100,000 Shares of Mama’s Creations, Inc. (NASDAQ:MAMA)

Heartland Advisors Inc. lowered its holdings in Mama’s Creations, Inc. (NASDAQ:MAMA) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 300,000 shares of the company’s stock after selling 100,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Mama’s Creations were worth $2,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Mama’s Creations by 319.6% during the third quarter. JPMorgan Chase & Co. now owns 58,842 shares of the company’s stock valued at $430,000 after buying an additional 44,817 shares during the last quarter. Annex Advisory Services LLC increased its holdings in Mama’s Creations by 71.0% during the 4th quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company’s stock worth $9,722,000 after purchasing an additional 507,065 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mama’s Creations by 9.1% in the fourth 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 in the last quarter. FMR LLC boosted its position in shares of Mama’s Creations by 23,422.7% during the third quarter. FMR LLC now owns 5,175 shares of the company’s stock valued at $38,000 after buying an additional 5,153 shares during the last quarter. Finally, State Street Corp grew its holdings in Mama’s Creations by 20.7% during the third quarter. State Street Corp now owns 489,623 shares of the company’s stock worth $3,574,000 after buying an additional 84,050 shares in the last quarter. Institutional investors own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MAMA shares. Roth Mkm restated a “buy” rating and set a $11.00 price target (up previously from $10.00) on shares of Mama’s Creations in a research report on Tuesday, December 17th. Lake Street Capital upped 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.

Mama’s Creations Price Performance

Mama’s Creations stock opened at $6.34 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.00. Mama’s Creations, Inc. has a one year low of $4.38 and a one year high of $9.98. The firm has a market capitalization of $238.30 million, a P/E ratio of 70.45 and a beta of 1.05. The business has a fifty day moving average price of $6.83 and a 200-day moving average price of $7.63.

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.