Assenagon Asset Management S.A. Sells 18,112 Shares of Seneca Foods Corp. $SENEA

Assenagon Asset Management S.A. lessened its holdings in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 63.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,487 shares of the company’s stock after selling 18,112 shares during the period. Assenagon Asset Management S.A. owned about 0.15% of Seneca Foods worth $1,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SENEA. State of Alaska Department of Revenue bought a new stake in shares of Seneca Foods during the third quarter worth $28,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seneca Foods in the second quarter worth $36,000. CWM LLC raised its holdings in shares of Seneca Foods by 75.9% during the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after purchasing an additional 205 shares during the last quarter. Quarry LP acquired a new stake in Seneca Foods during the 3rd quarter worth about $57,000. Finally, Employees Retirement System of Texas acquired a new stake in Seneca Foods during the 3rd quarter worth about $64,000. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Trading Down 0.5%

Shares of SENEA stock opened at $151.12 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.34 and a quick ratio of 0.72. The company has a 50-day moving average of $132.80 and a two-hundred day moving average of $120.04. Seneca Foods Corp. has a 1-year low of $81.00 and a 1-year high of $155.15. The firm has a market cap of $1.02 billion, a PE ratio of 11.62 and a beta of 0.02.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, February 5th. The company reported $6.48 EPS for the quarter. The business had revenue of $508.35 million during the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SENEA shares. Wall Street Zen downgraded shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Seneca Foods currently has an average rating of “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.