Strs Ohio Purchases New Position in Seneca Foods Corp. $SENEA

Key Points

• Strs Ohio has purchased 6,100 shares of Seneca Foods Corp. (NASDAQ:SENEA), valued at approximately $543,000, increasing its stake to about 0.09% of the company.
• Wall Street Zen has downgraded Seneca Foods from a "buy" to a "hold" rating as of August 9th.
• Seneca Foods reported a quarterly earnings per share (EPS) of $0.86 and revenue of $297.46 million, with a net margin of 2.76% during the last earnings announcement.

Strs Ohio purchased a new position in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,100 shares of the company's stock, valued at approximately $543,000. Strs Ohio owned approximately 0.09% of Seneca Foods as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Seneca Foods by 161.5% during the first quarter. American Century Companies Inc. now owns 70,929 shares of the company's stock valued at $6,316,000 after purchasing an additional 43,805 shares in the last quarter. Shufro Rose & Co. LLC grew its position in shares of Seneca Foods by 259.1% during the first quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock valued at $3,085,000 after purchasing an additional 25,000 shares in the last quarter. Invesco Ltd. grew its position in shares of Seneca Foods by 80.0% during the first quarter. Invesco Ltd. now owns 52,492 shares of the company's stock valued at $4,674,000 after purchasing an additional 23,329 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Seneca Foods by 12,377.1% during the first quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock valued at $1,744,000 after purchasing an additional 19,432 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Seneca Foods during the first quarter valued at about $1,392,000. Hedge funds and other institutional investors own 42.51% of the company's stock.

Seneca Foods Trading Up 1.2%

NASDAQ SENEA traded up $1.28 during trading on Monday, hitting $104.33. The stock had a trading volume of 44,252 shares, compared to its average volume of 56,999. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. The stock has a market capitalization of $715.70 million, a price-to-earnings ratio of 16.75 and a beta of 0.31. Seneca Foods Corp. has a one year low of $60.66 and a one year high of $115.40. The stock has a 50 day simple moving average of $106.33 and a 200 day simple moving average of $96.08.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. The business had revenue of $297.46 million during the quarter. Seneca Foods had a net margin of 2.76% and a return on equity of 10.07%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Seneca Foods from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

Seneca Foods 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.