Ritholtz Wealth Management Boosts Stake in Seneca Foods Corp. $SENEA

Ritholtz Wealth Management lifted its position in Seneca Foods Corp. (NASDAQ:SENEA) by 68.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,988 shares of the company’s stock after acquiring an additional 7,723 shares during the period. Ritholtz Wealth Management owned 0.28% of Seneca Foods worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SENEA. Royal Bank of Canada increased its holdings in Seneca Foods by 5.2% in the 1st quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock worth $690,000 after buying an additional 384 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $250,000 after acquiring an additional 156 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Seneca Foods during the 1st quarter valued at approximately $245,000. Empowered Funds LLC boosted its holdings in shares of Seneca Foods by 54.0% in the 1st quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock valued at $1,324,000 after acquiring an additional 5,214 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Seneca Foods in the 2nd quarter valued at $266,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Price Performance

NASDAQ:SENEA opened at $170.38 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.06 and a quick ratio of 1.07. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 10.26 and a beta of -0.03. The company has a 50 day moving average price of $145.59 and a 200-day moving average price of $134.78. Seneca Foods Corp. has a 1-year low of $98.53 and a 1-year high of $181.43.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SENEA shares. Wall Street Zen raised shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Finally, Freedom Capital raised Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, Seneca Foods presently has a consensus rating of “Strong 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.