Navellier & Associates Inc. Has $1.18 Million Stock Holdings in Seneca Foods Corp. $SENEA

Navellier & Associates Inc. grew its stake in Seneca Foods Corp. (NASDAQ:SENEA) by 169.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,791 shares of the company’s stock after acquiring an additional 4,269 shares during the period. Navellier & Associates Inc.’s holdings in Seneca Foods were worth $1,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada increased its position in shares of Seneca Foods by 22.6% in the first quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after acquiring an additional 79 shares during the last quarter. Ballentine Partners LLC grew its stake in Seneca Foods by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock valued at $317,000 after purchasing an additional 89 shares in the last quarter. Van ECK Associates Corp grew its stake in Seneca Foods by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company’s stock valued at $100,000 after purchasing an additional 90 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 156 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Seneca Foods by 2.3% during the 1st quarter. Swiss National Bank now owns 9,000 shares of the company’s stock worth $1,360,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Trading Up 4.0%

Seneca Foods stock opened at $199.84 on Friday. The stock has a 50-day simple moving average of $176.86 and a 200 day simple moving average of $155.05. The stock has a market capitalization of $1.35 billion, a P/E ratio of 11.54 and a beta of -0.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 3.77. Seneca Foods Corp. has a 52 week low of $99.58 and a 52 week high of $201.93.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. Wall Street Zen downgraded shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Freedom Capital downgraded shares of Seneca Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate 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.