Royce & Associates LP Sells 6,756 Shares of Seneca Foods Corp. (NASDAQ:SENEA)

Royce & Associates LP reduced its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 293,607 shares of the company's stock after selling 6,756 shares during the quarter. Royce & Associates LP owned approximately 4.27% of Seneca Foods worth $26,143,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in Seneca Foods by 171.8% in the fourth quarter. American Century Companies Inc. now owns 27,124 shares of the company's stock valued at $2,150,000 after acquiring an additional 17,145 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Seneca Foods in the fourth quarter worth $87,000. JPMorgan Chase & Co. lifted its stake in shares of Seneca Foods by 42.2% in the fourth quarter. JPMorgan Chase & Co. now owns 28,996 shares of the company's stock worth $2,298,000 after buying an additional 8,606 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Seneca Foods by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,888 shares of the company's stock worth $229,000 after buying an additional 538 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Seneca Foods by 2.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company's stock worth $442,000 after acquiring an additional 129 shares during the period. 42.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Seneca Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, April 29th.

Seneca Foods Stock Performance

Seneca Foods stock traded up $0.37 on Monday, hitting $102.12. The company's stock had a trading volume of 43,807 shares, compared to its average volume of 44,542. The firm has a market cap of $703.61 million, a P/E ratio of 17.34 and a beta of 0.42. The company has a quick ratio of 0.71, a current ratio of 3.52 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $96.97 and a 200-day moving average price of $87.66. Seneca Foods Corp. has a one year low of $56.36 and a one year high of $106.83.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported $1.37 earnings per share (EPS) for the quarter. The firm had revenue of $345.84 million for the quarter. Seneca Foods had a net margin of 2.61% and a return on equity of 11.03%.

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.