Charles Schwab Investment Management Inc. Sells 11,135 Shares of Seneca Foods Corp. $SENEA

Charles Schwab Investment Management Inc. cut its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 25.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,023 shares of the company’s stock after selling 11,135 shares during the period. Charles Schwab Investment Management Inc. owned 0.48% of Seneca Foods worth $2,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SENEA. Envestnet Asset Management Inc. increased its stake in shares of Seneca Foods by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company’s stock worth $442,000 after purchasing an additional 129 shares during the period. Money Concepts Capital Corp increased its position in Seneca Foods by 1.5% during the 1st quarter. Money Concepts Capital Corp now owns 29,886 shares of the company’s stock worth $2,661,000 after buying an additional 444 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Seneca Foods by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,888 shares of the company’s stock worth $229,000 after buying an additional 538 shares in the last quarter. Pullen Investment Management LLC boosted its position in shares of Seneca Foods by 2.1% in the first quarter. Pullen Investment Management LLC now owns 28,559 shares of the company’s stock valued at $2,543,000 after acquiring an additional 585 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Seneca Foods by 3.7% in the fourth quarter. Bank of America Corp DE now owns 17,311 shares of the company’s stock valued at $1,372,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Price Performance

Shares of SENEA stock opened at $113.20 on Friday. The business has a fifty day simple moving average of $103.89 and a 200 day simple moving average of $93.13. The company has a market cap of $776.55 million, a P/E ratio of 18.17 and a beta of 0.38. The company has a quick ratio of 0.66, a current ratio of 4.11 and a debt-to-equity ratio of 0.44. Seneca Foods Corp. has a twelve month low of $59.21 and a twelve month high of $115.40.

Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. The firm had revenue of $297.46 million for the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Seneca Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred 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.