EVR Research LP Takes $2.27 Million Position in Seneca Foods Corp. $SENEA

EVR Research LP bought a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,000 shares of the company’s stock, valued at approximately $2,267,000. Seneca Foods comprises approximately 1.4% of EVR Research LP’s portfolio, making the stock its 18th biggest position.

Several other hedge funds have also added to or reduced their stakes in SENEA. Ballentine Partners LLC raised its holdings in Seneca Foods by 4.2% during the 3rd quarter. Ballentine Partners LLC now owns 2,773 shares of the company’s stock worth $299,000 after purchasing an additional 112 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Seneca Foods by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after buying an additional 156 shares during the period. CWM LLC lifted its holdings in Seneca Foods by 75.9% in the third quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after buying an additional 205 shares during the period. Van ECK Associates Corp boosted its stake in Seneca Foods by 34.8% in the third quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock valued at $88,000 after acquiring an additional 211 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Seneca Foods by 27.8% in the third quarter. Parallel Advisors LLC now owns 1,029 shares of the company’s stock valued at $111,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Stock Performance

SENEA stock opened at $147.04 on Friday. Seneca Foods Corp. has a 1-year low of $81.00 and a 1-year high of $148.97. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. The firm has a market cap of $995.46 million, a PE ratio of 11.31 and a beta of 0.02. The business’s 50-day moving average price is $124.41 and its two-hundred day moving average price is $116.78.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, February 5th. The company reported $6.48 EPS for the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.The company had revenue of $508.35 million for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Seneca Foods Profile

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.