OP Asset Management Ltd purchased a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA – Free Report) in the first quarter, HoldingsChannel reports. The fund purchased 4,597 shares of the company’s stock, valued at approximately $695,000.
Several other institutional investors and hedge funds have also modified their holdings of SENEA. EverSource Wealth Advisors LLC acquired a new stake in Seneca Foods during the second quarter worth approximately $36,000. Quarry LP acquired a new position in Seneca Foods in the 3rd quarter valued at $57,000. Employees Retirement System of Texas purchased a new position in shares of Seneca Foods during the 3rd quarter worth $64,000. Van ECK Associates Corp lifted its stake in shares of Seneca Foods by 34.8% during the 3rd quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock worth $88,000 after purchasing an additional 211 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Seneca Foods by 36.8% during the second quarter. Russell Investments Group Ltd. now owns 993 shares of the company’s stock worth $101,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SENEA. Freedom Capital raised Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.
Seneca Foods Price Performance
Shares of Seneca Foods stock opened at $173.94 on Wednesday. The business’s fifty day moving average price is $147.08 and its 200 day moving average price is $135.85. Seneca Foods Corp. has a twelve month low of $98.61 and a twelve month high of $181.43. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.48 and a beta of -0.03.
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.
See Also
- Five stocks we like better than Seneca Foods
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding SENEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seneca Foods Corp. (NASDAQ:SENEA – Free Report).
Receive News & Ratings for Seneca Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seneca Foods and related companies with MarketBeat.com's FREE daily email newsletter.
