Assenagon Asset Management S.A. Raises Stock Holdings in Seneca Foods Corp. $SENEA

Assenagon Asset Management S.A. grew its holdings in Seneca Foods Corp. (NASDAQ:SENEA) by 172.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,599 shares of the company’s stock after buying an additional 18,112 shares during the quarter. Assenagon Asset Management S.A. owned 0.42% of Seneca Foods worth $3,087,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new position in shares of Seneca Foods during the 2nd quarter valued at approximately $36,000. New York State Teachers Retirement System acquired a new position in Seneca Foods during the second quarter worth $43,000. Russell Investments Group Ltd. lifted its holdings in Seneca Foods by 179.2% during the first quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock valued at $65,000 after purchasing an additional 466 shares in the last quarter. HFM Investment Advisors LLC acquired a new stake in shares of Seneca Foods in the first quarter valued at about $71,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Seneca Foods in the first quarter valued at about $135,000. 42.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SENEA has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Seneca Foods in a research report on Monday, December 8th. Wall Street Zen lowered Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Seneca Foods Price Performance

Shares of NASDAQ SENEA opened at $111.08 on Tuesday. The firm has a 50-day simple moving average of $115.33 and a 200-day simple moving average of $108.11. The company has a quick ratio of 0.42, a current ratio of 2.59 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $759.79 million, a price-to-earnings ratio of 12.89 and a beta of 0.10. Seneca Foods Corp. has a 52 week low of $70.58 and a 52 week high of $129.03.

Seneca Foods 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.