American Century Companies Inc. Grows Stock Holdings in Seneca Foods Corp. $SENEA

Key Points

• American Century Companies Inc. increased its holding in Seneca Foods Corp. by 161.5%, acquiring an additional 43,805 shares in Q1, bringing its total to 70,929 shares valued at $6.3 million.
• Seneca Foods reported a quarterly earnings per share (EPS) of $0.86 with a net margin of 2.76% and revenue of $297.46 million.
• Wall Street analysts have downgraded Seneca Foods from a "buy" to a "hold" rating, reflecting a cautious outlook on the stock's performance.

American Century Companies Inc. raised its stake in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 161.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,929 shares of the company's stock after purchasing an additional 43,805 shares during the period. American Century Companies Inc. owned 1.03% of Seneca Foods worth $6,316,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SENEA. Shufro Rose & Co. LLC raised its position in Seneca Foods by 259.1% during the 1st quarter. Shufro Rose & Co. LLC now owns 34,650 shares of the company's stock worth $3,085,000 after purchasing an additional 25,000 shares during the last quarter. Invesco Ltd. raised its position in Seneca Foods by 80.0% during the 1st quarter. Invesco Ltd. now owns 52,492 shares of the company's stock worth $4,674,000 after purchasing an additional 23,329 shares during the last quarter. GAMMA Investing LLC raised its position in Seneca Foods by 12,377.1% during the 1st quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock worth $1,744,000 after purchasing an additional 19,432 shares during the last quarter. Nuveen LLC bought a new position in Seneca Foods during the 1st quarter worth $1,392,000. Finally, Informed Momentum Co LLC bought a new position in Seneca Foods during the 1st quarter worth $1,032,000. 42.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded 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 $0.70 during mid-day trading on Monday, reaching $113.20. The company had a trading volume of 100,606 shares, compared to its average volume of 45,402. The company has a current ratio of 4.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The firm has a market cap of $776.55 million, a price-to-earnings ratio of 18.17 and a beta of 0.31. The company's 50-day moving average price is $103.89 and its 200-day moving average price is $93.22. Seneca Foods Corp. has a one year low of $59.21 and a one year high of $115.40.

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

Seneca Foods 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.