Pacer Advisors Inc. Takes Position in Seneca Foods Corp. $SENEA

Pacer Advisors Inc. purchased a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 44,560 shares of the company’s stock, valued at approximately $4,810,000. Pacer Advisors Inc. owned about 0.65% of Seneca Foods at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after purchasing an additional 156 shares during the period. Pullen Investment Management LLC increased its stake in shares of Seneca Foods by 0.9% in the second quarter. Pullen Investment Management LLC now owns 28,806 shares of the company’s stock worth $2,922,000 after buying an additional 247 shares during the period. Russell Investments Group Ltd. raised its holdings in Seneca Foods by 36.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 993 shares of the company’s stock valued at $101,000 after buying an additional 267 shares during the last quarter. Prudential Financial Inc. boosted its position in Seneca Foods by 3.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,375 shares of the company’s stock valued at $849,000 after buying an additional 304 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in Seneca Foods in the 2nd quarter worth $36,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Price Performance

SENEA stock opened at $110.76 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.59 and a quick ratio of 0.42. Seneca Foods Corp. has a 1 year low of $70.58 and a 1 year high of $129.03. The firm has a 50-day moving average of $114.44 and a 200 day moving average of $108.74. The company has a market cap of $757.60 million, a P/E ratio of 12.85 and a beta of 0.10.

Analyst Upgrades and Downgrades

SENEA has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seneca Foods in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

About Seneca Foods

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.