Seneca Foods Corp. $SENEA Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 160.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,287 shares of the company’s stock after acquiring an additional 5,726 shares during the period. Quantinno Capital Management LP’s holdings in Seneca Foods were worth $1,403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its holdings in shares of Seneca Foods by 3.2% during the 4th 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 boosted its holdings in Seneca Foods by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company’s stock worth $100,000 after purchasing an additional 90 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 156 shares in the last quarter. Swiss National Bank increased its position in Seneca Foods by 2.3% during the first quarter. Swiss National Bank now owns 9,000 shares of the company’s stock worth $1,360,000 after buying an additional 200 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Seneca Foods by 27.8% during the third quarter. Parallel Advisors LLC now owns 1,029 shares of the company’s stock worth $111,000 after buying an additional 224 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Stock Performance

SENEA opened at $193.90 on Friday. The company has a quick ratio of 0.88, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $168.71 and its two-hundred day moving average price is $149.55. The firm has a market capitalization of $1.31 billion, a P/E ratio of 11.20 and a beta of -0.07. Seneca Foods Corp. has a 12-month low of $99.58 and a 12-month high of $196.39.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SENEA shares. Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Weiss Ratings raised Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 15th. Finally, Freedom Capital downgraded Seneca Foods from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently 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.