Bridgeway Capital Management LLC Acquires 5,214 Shares of Seneca Foods Corp. $SENEA

Key Points

• Bridgeway Capital Management LLC increased its stake in Seneca Foods Corp. by 17.1% in Q1, owning a total of 35,765 shares valued at approximately $3.2 million.
• Analysts at Wall Street Zen downgraded Seneca Foods from a "buy" to a "hold" rating on August 9th.
• Seneca Foods reported earnings of $0.86 per share and revenue of $297.46 million for the last quarter, noting a net margin of 2.76%.

Bridgeway Capital Management LLC raised its stake in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,765 shares of the company's stock after acquiring an additional 5,214 shares during the period. Bridgeway Capital Management LLC owned approximately 0.52% of Seneca Foods worth $3,185,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SENEA. Vanguard Group Inc. grew its position in Seneca Foods by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock valued at $27,364,000 after purchasing an additional 6,208 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Seneca Foods by 161.5% in the first quarter. American Century Companies Inc. now owns 70,929 shares of the company's stock worth $6,316,000 after buying an additional 43,805 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Seneca Foods by 11.1% during the fourth quarter. Northern Trust Corp now owns 70,134 shares of the company's stock valued at $5,559,000 after buying an additional 7,020 shares during the last quarter. Invesco Ltd. increased 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 acquiring an additional 23,329 shares in the last quarter. Finally, Shufro Rose & Co. LLC raised its holdings in Seneca Foods by 259.1% in the 1st quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock worth $3,085,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 42.51% of the company's stock.

Wall Street Analysts Forecast Growth

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

Seneca Foods Stock Performance

Shares of NASDAQ SENEA traded up $1.30 during midday trading on Thursday, hitting $111.49. 42,670 shares of the stock traded hands, compared to its average volume of 49,969. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. Seneca Foods Corp. has a one year low of $59.96 and a one year high of $115.40. The firm has a market capitalization of $765.27 million, a P/E ratio of 17.90 and a beta of 0.31. The firm has a 50-day moving average of $105.99 and a two-hundred day moving average of $94.99.

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

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.