SG Americas Securities LLC Acquires 529 Shares of Seneca Foods Co. (NASDAQ:SENEA)

SG Americas Securities LLC lifted its holdings in shares of Seneca Foods Co. (NASDAQ:SENEA) by 21.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,990 shares of the company’s stock after acquiring an additional 529 shares during the quarter. SG Americas Securities LLC’s holdings in Seneca Foods were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Alliancebernstein L.P. raised its position in Seneca Foods by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,681 shares of the company’s stock valued at $468,000 after buying an additional 259 shares during the last quarter. American Century Companies Inc. raised its position in Seneca Foods by 5.5% in the 1st quarter. American Century Companies Inc. now owns 5,120 shares of the company’s stock valued at $265,000 after buying an additional 265 shares during the last quarter. Lazard Asset Management LLC raised its position in Seneca Foods by 10.9% in the 4th quarter. Lazard Asset Management LLC now owns 3,236 shares of the company’s stock valued at $197,000 after buying an additional 319 shares during the last quarter. Royal Bank of Canada raised its position in Seneca Foods by 6.4% in the 1st quarter. Royal Bank of Canada now owns 5,368 shares of the company’s stock valued at $277,000 after buying an additional 322 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Seneca Foods by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 18,848 shares of the company’s stock valued at $1,047,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Stock Up 1.4 %

SENEA stock opened at $56.44 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 4.81 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average price of $52.02 and a two-hundred day moving average price of $52.47. The company has a market cap of $401.85 million, a price-to-earnings ratio of 7.48 and a beta of 0.34. Seneca Foods Co. has a twelve month low of $32.50 and a twelve month high of $59.99.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $3.70 earnings per share for the quarter. The firm had revenue of $444.48 million during the quarter. Seneca Foods had a return on equity of 14.48% and a net margin of 3.81%.

Insider Buying and Selling at Seneca Foods

In other Seneca Foods news, CFO Michael S. Wolcott bought 1,898 shares of Seneca Foods stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $45.05 per share, for a total transaction of $85,504.90. Following the purchase, the chief financial officer now owns 15,198 shares of the company’s stock, valued at approximately $684,669.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.24% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Seneca Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It operates through three segments: Fruits and Vegetables, Prepared Food Products, and Snack Products. The company offers canned, frozen, and bottled produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, Cherryman, Green Valley, and READ.