Royce & Associates LP Has $27.30 Million Stock Holdings in Seneca Foods Corp. $SENEA

Royce & Associates LP cut its holdings in Seneca Foods Corp. (NASDAQ:SENEA) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 246,769 shares of the company’s stock after selling 14,934 shares during the quarter. Royce & Associates LP owned about 3.61% of Seneca Foods worth $27,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ballentine Partners LLC grew its position in shares of Seneca Foods by 3.2% in the 4th quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock valued at $317,000 after purchasing an additional 89 shares during the period. Peapod Lane Capital LLC grew its position in shares of Seneca Foods by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 37,523 shares of the company’s stock valued at $4,151,000 after purchasing an additional 272 shares during the period. Teacher Retirement System of Texas grew its position in shares of Seneca Foods by 75.0% in the 4th quarter. Teacher Retirement System of Texas now owns 21,633 shares of the company’s stock valued at $2,393,000 after purchasing an additional 9,273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Seneca Foods by 227.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,183 shares of the company’s stock valued at $131,000 after purchasing an additional 822 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Seneca Foods by 12.2% in the 4th quarter. Ritholtz Wealth Management now owns 11,265 shares of the company’s stock valued at $1,246,000 after purchasing an additional 1,225 shares during the period. 42.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Freedom Capital upgraded Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Friday, April 24th. Finally, Wall Street Zen lowered Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Seneca Foods has an average rating of “Strong Buy”.

Seneca Foods Stock Performance

NASDAQ SENEA opened at $139.04 on Tuesday. The stock has a market capitalization of $941.30 million, a price-to-earnings ratio of 10.70 and a beta of -0.03. The stock’s 50 day moving average price is $145.25 and its two-hundred day moving average price is $128.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 4.34. Seneca Foods Corp. has a 52 week low of $85.20 and a 52 week high of $167.51.

Seneca Foods Profile

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.