Seneca Foods Corp. $SENEA Shares Acquired by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas boosted its stake in Seneca Foods by 75% in Q4, adding 9,273 shares to hold 21,633 shares worth about $2.39 million (≈0.32% of the company).
• Analyst sentiment has turned positive: Wall Street Zen upgraded the stock to strong-buy, Weiss Ratings reaffirmed a buy, and the MarketBeat average rating is Buy.
• Seneca Foods has a market cap of roughly $919 million and a P/E of 10.45; it reported quarterly EPS of $6.48 on $508.35 million in revenue and a 52-week range of $84.65–$167.51.

Teacher Retirement System of Texas grew its stake in Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 75.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,633 shares of the company's stock after purchasing an additional 9,273 shares during the period. Teacher Retirement System of Texas owned approximately 0.32% of Seneca Foods worth $2,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Seneca Foods by 5.2% during the first quarter. Royal Bank of Canada now owns 7,738 shares of the company's stock worth $690,000 after buying an additional 384 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Seneca Foods by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company's stock worth $250,000 after acquiring an additional 156 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Seneca Foods in the 1st quarter worth $245,000. Empowered Funds LLC raised its holdings in shares of Seneca Foods by 54.0% during the 1st quarter. Empowered Funds LLC now owns 14,865 shares of the company's stock worth $1,324,000 after acquiring an additional 5,214 shares during the period. Finally, Creative Planning purchased a new position in shares of Seneca Foods during the 2nd quarter worth $266,000. Institutional investors and hedge funds own 42.51% of the company's stock.

Analyst Upgrades and Downgrades

SENEA has been the subject of a number of analyst reports. Wall Street Zen raised shares of Seneca Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Seneca Foods in a research note on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Seneca Foods Price Performance

SENEA stock opened at $135.86 on Tuesday. Seneca Foods Corp. has a 52-week low of $84.65 and a 52-week high of $167.51. The company has a quick ratio of 0.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.37. The stock has a market cap of $919.36 million, a price-to-earnings ratio of 10.45 and a beta of 0.03. The business has a fifty day moving average of $144.18 and a two-hundred day moving average of $125.67.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $6.48 EPS for the quarter. The business had revenue of $508.35 million for the quarter. Seneca Foods had a return on equity of 12.30% and a net margin of 5.58%.

About Seneca Foods

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company's core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.

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