Great Lakes Advisors LLC Acquires Shares of 3,969 Seneca Foods Corp. $SENEA

Great Lakes Advisors LLC bought a new position in shares of Seneca Foods Corp. (NASDAQ:SENEA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,969 shares of the company’s stock, valued at approximately $690,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its position in shares of Seneca Foods by 5.2% in the first quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock valued at $690,000 after buying an additional 384 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Seneca Foods by 5.9% in the first 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Seneca Foods during the first quarter worth about $245,000. Empowered Funds LLC boosted its position in Seneca Foods by 54.0% during the first quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock worth $1,324,000 after acquiring an additional 5,214 shares during the last quarter. Finally, Creative Planning acquired a new position in Seneca Foods during the second quarter worth about $266,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Stock Up 0.8%

Shares of SENEA opened at $194.07 on Friday. Seneca Foods Corp. has a 52-week low of $99.58 and a 52-week high of $199.55. The company has a market capitalization of $1.31 billion, a PE ratio of 11.21 and a beta of -0.07. The stock has a fifty day simple moving average of $173.59 and a two-hundred day simple moving average of $152.49. The company has a quick ratio of 0.88, a current ratio of 3.77 and a debt-to-equity ratio of 0.26.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $2.85 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.07). The company had revenue of $405.17 million for the quarter, compared to analysts’ expectations of $327.00 million. Seneca Foods had a return on equity of 14.96% and a net margin of 6.75%.

Analyst Ratings Changes

A number of research firms have commented on SENEA. Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Freedom Capital lowered shares of Seneca Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Wall Street Zen cut Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Seneca Foods Company 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.