Invesco Ltd. Acquires 23,329 Shares of Seneca Foods Corp. $SENEA

Key Points

• Invesco Ltd. increased its ownership in Seneca Foods Corp. by 80.0% during the first quarter, now holding 52,492 shares valued at approximately $4.7 million.
• Several other institutional investors, including Wells Fargo and Barclays, also raised their stakes in Seneca Foods during the last quarter.
• Seneca Foods has recently been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.

Invesco Ltd. raised its holdings in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 80.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,492 shares of the company's stock after acquiring an additional 23,329 shares during the period. Invesco Ltd. owned about 0.76% of Seneca Foods worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Seneca Foods by 12,377.1% in the first quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock valued at $1,744,000 after acquiring an additional 19,432 shares during the period. Vanguard Group Inc. grew its stake in Seneca Foods by 2.1% in the first quarter. Vanguard Group Inc. now owns 307,325 shares of the company's stock valued at $27,364,000 after acquiring an additional 6,208 shares during the period. Pullen Investment Management LLC grew its stake in Seneca Foods by 46.2% in the fourth quarter. Pullen Investment Management LLC now owns 27,974 shares of the company's stock valued at $2,217,000 after acquiring an additional 8,842 shares during the period. Teacher Retirement System of Texas acquired a new position in Seneca Foods in the first quarter valued at about $206,000. Finally, Shufro Rose & Co. LLC grew its stake in Seneca Foods by 259.1% in the first quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock valued at $3,085,000 after acquiring an additional 25,000 shares during the period. 42.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Down 1.0%

SENEA traded down $1.09 on Tuesday, hitting $112.11. 68,112 shares of the company were exchanged, compared to its average volume of 44,362. Seneca Foods Corp. has a 12 month low of $59.21 and a 12 month high of $115.40. The company has a market cap of $769.07 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. The stock's fifty day moving average is $104.63 and its 200-day moving average is $93.57.

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

About Seneca Foods

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.