Charles Schwab Investment Management Inc. Lowers Stock Position in Seneca Foods Corp. $SENEA

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Seneca Foods Corp. by 25.2%, now holding 33,023 shares after selling 11,135 shares.
• Seneca Foods reported an earnings per share of $0.86 with revenues of $297.46 million for the last quarter, showing a net margin of 2.76%.
• Analyst ratings from Wall Street have downgraded Seneca Foods from a "buy" to a "hold" as of August 9th.

Charles Schwab Investment Management Inc. trimmed its stake in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 25.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and 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 approximately 0.48% of Seneca Foods worth $2,940,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Seneca Foods in the fourth quarter worth approximately $54,000. Teacher Retirement System of Texas bought a new position in shares of Seneca Foods in the first quarter worth approximately $206,000. Janus Henderson Group PLC bought a new position in Seneca Foods during the fourth quarter valued at approximately $223,000. Wells Fargo & Company MN grew its position in Seneca Foods by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,888 shares of the company's stock valued at $229,000 after acquiring an additional 538 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Seneca Foods during the fourth quarter valued at approximately $272,000. 42.51% of the stock is currently owned by institutional investors.

Seneca Foods Trading Up 0.0%

SENEA stock traded up $0.03 on Wednesday, reaching $112.14. The company's stock had a trading volume of 19,236 shares, compared to its average volume of 44,571. The business has a fifty day simple moving average of $104.63 and a two-hundred day simple moving average of $93.57. Seneca Foods Corp. has a 12-month low of $59.21 and a 12-month high of $115.40. The firm has a market cap of $769.28 million, a PE ratio of 18.00 and a beta of 0.31. 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 (NASDAQ:SENEA - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.86 EPS for the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.The company had revenue of $297.46 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report 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.