Navellier & Associates Inc. Purchases 4,269 Shares of Seneca Foods Corp. $SENEA

Navellier & Associates Inc. grew its position in Seneca Foods Corp. (NASDAQ:SENEA) by 169.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,791 shares of the company’s stock after buying an additional 4,269 shares during the period. Navellier & Associates Inc. owned approximately 0.10% of Seneca Foods worth $1,181,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in Seneca Foods during the 2nd quarter worth $36,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Seneca Foods during the first quarter worth about $54,000. Royal Bank of Canada raised its position in shares of Seneca Foods by 22.6% during the first quarter. Royal Bank of Canada now owns 429 shares of the company’s stock worth $65,000 after purchasing an additional 79 shares during the period. Quarry LP bought a new position in shares of Seneca Foods during the 3rd quarter valued at about $57,000. Finally, Employees Retirement System of Texas bought a new position in shares of Seneca Foods during the 3rd quarter valued at about $64,000. Institutional investors own 42.51% of the company’s stock.

Wall Street Analysts Forecast Growth

SENEA has been the subject of a number of research reports. Freedom Capital cut Seneca Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Seneca Foods Stock Up 4.0%

NASDAQ:SENEA opened at $199.84 on Friday. The stock has a 50-day simple moving average of $176.86 and a 200 day simple moving average of $155.05. Seneca Foods Corp. has a 52-week low of $99.58 and a 52-week high of $201.93. The company has a market cap of $1.35 billion, a PE ratio of 11.54 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 (NASDAQ:SENEA) last released its earnings results on Thursday, August 6th. The company reported $2.85 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.07). Seneca Foods had a net margin of 6.75% and a return on equity of 14.96%. The firm had revenue of $405.17 million during the quarter, compared to the consensus estimate of $327.00 million.

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.