Seneca Foods Corp. $SENEA Stock Holdings Increased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Seneca Foods stake by 160.8% in the first quarter, owning 9,287 shares valued at approximately $1.4 million. Institutional investors collectively hold 42.51% of SENEA.
• Seneca Foods reported quarterly EPS of $2.85, missing consensus estimates of $2.92, while revenue of $405.17 million exceeded analysts’ $327 million estimate.
• SENEA shares opened at $193.90, near their 52-week high of $196.39. Analyst views remain mixed, but the stock carries a consensus “Moderate Buy” rating.

Quantinno Capital Management LP raised its position in shares of Seneca Foods Corp. (NASDAQ:SENEA - Free Report) by 160.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,287 shares of the company's stock after buying an additional 5,726 shares during the quarter. Quantinno Capital Management LP owned about 0.14% of Seneca Foods worth $1,403,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC lifted its holdings in Seneca Foods by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 2,862 shares of the company's stock worth $317,000 after acquiring an additional 89 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Seneca Foods by 11.0% during the fourth quarter. Van ECK Associates Corp now owns 908 shares of the company's stock valued at $100,000 after purchasing an additional 90 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Seneca Foods by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company's stock worth $250,000 after purchasing an additional 156 shares during the period. Swiss National Bank raised its position in shares of Seneca Foods by 2.3% during the 1st quarter. Swiss National Bank now owns 9,000 shares of the company's stock worth $1,360,000 after purchasing an additional 200 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Seneca Foods by 27.8% in the 3rd quarter. Parallel Advisors LLC now owns 1,029 shares of the company's stock worth $111,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 42.51% of the company's stock.

Seneca Foods Price Performance

Shares of SENEA opened at $193.90 on Friday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.20 and a beta of -0.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 3.77. Seneca Foods Corp. has a one year low of $99.58 and a one year high of $196.39. The stock's fifty day moving average is $168.71 and its 200-day moving average is $149.55.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $2.85 EPS for the quarter, missing analysts' consensus estimates of $2.92 by ($0.07). The company had revenue of $405.17 million for the quarter, compared to analyst estimates of $327.00 million. Seneca Foods had a net margin of 6.75% and a return on equity of 14.96%.

Analysts Set New Price Targets

SENEA has been the topic of a number of recent research reports. Weiss Ratings upgraded Seneca Foods from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, June 15th. Wall Street Zen raised shares of Seneca Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 13th. Finally, Freedom Capital downgraded shares of Seneca Foods from a "strong-buy" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Seneca Foods currently has a consensus rating of "Moderate Buy".

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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