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

Heartland Advisors Inc. reduced its holdings in shares of Mama’s Creations, Inc. (NASDAQ:MAMA) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 300,000 shares of the company’s stock after selling 100,000 shares during the quarter. Heartland Advisors Inc. owned 0.80% of Mama’s Creations worth $2,388,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Mama’s Creations by 9.2% during the fourth quarter. American Century Companies Inc. now owns 82,985 shares of the company’s stock worth $661,000 after buying an additional 7,014 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in Mama’s Creations in the 4th quarter worth about $141,000. First Eagle Investment Management LLC raised its position in Mama’s Creations by 22.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,135,417 shares of the company’s stock valued at $9,038,000 after purchasing an additional 210,045 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Mama’s Creations by 7.1% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 410,432 shares of the company’s stock worth $3,267,000 after purchasing an additional 27,268 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Mama’s Creations by 0.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 371,309 shares of the company’s stock valued at $2,956,000 after buying an additional 2,777 shares during the period. 45.18% of the stock is owned by institutional investors and hedge funds.

Mama’s Creations Stock Down 4.2 %

Shares of NASDAQ MAMA opened at $6.34 on Friday. The company’s 50 day moving average price is $6.83 and its 200-day moving average price is $7.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17. Mama’s Creations, Inc. has a 52-week low of $4.38 and a 52-week high of $9.98. The company has a market capitalization of $238.30 million, a P/E ratio of 70.45 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAMA. Roth Mkm reissued a “buy” rating and set a $11.00 target price (up from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Lake Street Capital raised their target price on Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th.

About Mama’s Creations

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.