VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.24 Million in Seneca Foods Corp. $SENEA

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,100 shares of the company’s stock, valued at approximately $1,235,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in Seneca Foods by 20,313.7% in the second quarter. California State Teachers Retirement System now owns 887,790 shares of the company’s stock worth $154,422,000 after buying an additional 883,441 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Seneca Foods by 667.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 46,501 shares of the company’s stock valued at $4,717,000 after acquiring an additional 40,442 shares during the last quarter. Lazard Asset Management LLC increased its position in Seneca Foods by 231.9% during the third quarter. Lazard Asset Management LLC now owns 46,709 shares of the company’s stock valued at $5,042,000 after acquiring an additional 32,635 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Seneca Foods by 10.0% in the third quarter. Vanguard Group Inc. now owns 351,033 shares of the company’s stock valued at $37,891,000 after acquiring an additional 31,873 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Seneca Foods by 47.5% in the third quarter. Millennium Management LLC now owns 53,608 shares of the company’s stock valued at $5,786,000 after acquiring an additional 17,271 shares during the period. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Price Performance

SENEA opened at $190.62 on Friday. The business has a fifty day moving average of $181.86 and a 200 day moving average of $160.08. The stock has a market cap of $1.29 billion, a P/E ratio of 11.01 and a beta of -0.03. The company has a quick ratio of 0.88, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. Seneca Foods Corp. has a 52-week low of $99.58 and a 52-week high of $210.00.

Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, August 6th. The company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.07). Seneca Foods had a return on equity of 14.96% and a net margin of 6.75%.The business had revenue of $405.17 million during the quarter, compared to analysts’ expectations of $327.00 million.

Analyst Ratings Changes

Several research firms have recently issued reports on SENEA. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Freedom Capital lowered shares of Seneca Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at Seneca Foods

In related news, VP Dean Erstad sold 1,587 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $206.16, for a total value of $327,175.92. Following the completion of the sale, the vice president owned 609 shares in the company, valued at approximately $125,551.44. The trade was a 72.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation is a U.S.-based food processor and packaged-food company that produces and distributes fruits, vegetables and related food products. The company supplies retail, foodservice and industrial customers, with products sold under its own brands as well as private-label programs for retailers and other food companies.

Its product portfolio includes canned and frozen vegetables, canned fruits, fruit and vegetable snacks, prepared foods, sauces and other packaged food items.