Seaboard (NYSEAMERICAN:SEB) Downgraded to “Hold” Rating by StockNews.com

Seaboard (NYSEAMERICAN:SEB) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Seaboard Stock Up 0.7 %

Shares of NYSEAMERICAN:SEB opened at $2,706.59 on Wednesday. Seaboard has a 52 week low of $2,648.69 and a 52 week high of $3,796.00. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -822.67 and a beta of 0.37.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($153.44) earnings per share (EPS) for the quarter. Seaboard had a negative return on equity of 0.04% and a negative net margin of 0.02%. The company had revenue of $2.22 billion for the quarter.

Institutional Trading of Seaboard

A number of hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in Seaboard in the 2nd quarter worth about $32,000. Farther Finance Advisors LLC acquired a new stake in Seaboard in the 3rd quarter worth about $50,000. Innealta Capital LLC bought a new position in Seaboard in the 2nd quarter valued at about $60,000. Covestor Ltd increased its holdings in Seaboard by 18.5% in the 1st quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after buying an additional 5 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Seaboard in the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.