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

EVR Research LP acquired a new stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,000 shares of the company’s stock, valued at approximately $2,267,000. Seneca Foods accounts for 1.4% of EVR Research LP’s investment portfolio, making the stock its 18th largest position. EVR Research LP owned about 0.31% of Seneca Foods at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SENEA. Vanguard Group Inc. boosted its position in shares of Seneca Foods by 10.0% during the 3rd quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock valued at $37,891,000 after acquiring an additional 31,873 shares in the last quarter. American Century Companies Inc. lifted its stake in Seneca Foods by 29.5% during the third quarter. American Century Companies Inc. now owns 155,727 shares of the company’s stock worth $16,809,000 after purchasing an additional 35,480 shares during the period. Geode Capital Management LLC boosted its holdings in Seneca Foods by 8.0% during the second quarter. Geode Capital Management LLC now owns 139,457 shares of the company’s stock valued at $14,146,000 after purchasing an additional 10,357 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Seneca Foods by 31.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 61,222 shares of the company’s stock valued at $6,608,000 after purchasing an additional 14,721 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Seneca Foods by 27.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 45,404 shares of the company’s stock worth $4,605,000 after buying an additional 9,639 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Price Performance

Shares of SENEA stock opened at $147.04 on Friday. Seneca Foods Corp. has a 52 week low of $81.00 and a 52 week high of $148.97. The stock has a market capitalization of $995.46 million, a PE ratio of 11.31 and a beta of 0.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34. The stock’s fifty day moving average is $124.41 and its 200-day moving average is $116.78.

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

Analyst Upgrades and Downgrades

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