Marshall Wace LLP Trims Stock Holdings in Seneca Foods Co. (NASDAQ:SENEA)

Marshall Wace LLP decreased its position in Seneca Foods Co. (NASDAQ:SENEA - Free Report) by 54.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,150 shares of the company's stock after selling 21,832 shares during the period. Marshall Wace LLP owned approximately 0.26% of Seneca Foods worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Seneca Foods by 73.6% during the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company's stock valued at $58,000 after buying an additional 309 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Seneca Foods during the 4th quarter valued at about $87,000. SG Americas Securities LLC raised its holdings in Seneca Foods by 8.7% in the 4th quarter. SG Americas Securities LLC now owns 2,054 shares of the company's stock worth $163,000 after purchasing an additional 165 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Seneca Foods during the third quarter worth approximately $156,000. Finally, Jump Financial LLC acquired a new stake in Seneca Foods in the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 42.51% of the company's stock.

Seneca Foods Trading Down 0.6 %

Shares of SENEA stock opened at $85.97 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36. The company has a market cap of $591.47 million, a price-to-earnings ratio of 15.69 and a beta of 0.26. The stock has a 50 day simple moving average of $85.27 and a 200-day simple moving average of $76.69. Seneca Foods Co. has a 1-year low of $51.79 and a 1-year high of $92.00.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a return on equity of 9.71% and a net margin of 2.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Seneca Foods from a "buy" rating to a "hold" rating in a research note on Tuesday.

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.

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