Seneca Foods Corp. $SENEA Shares Sold by UBS Group AG

UBS Group AG trimmed its position in Seneca Foods Corp. (NASDAQ:SENEA) by 16.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,387 shares of the company’s stock after selling 3,797 shares during the period. UBS Group AG’s holdings in Seneca Foods were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SENEA. Royal Bank of Canada increased its position in shares of Seneca Foods by 5.2% in the 1st quarter. Royal Bank of Canada now owns 7,738 shares of the company’s stock valued at $690,000 after acquiring an additional 384 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Seneca Foods by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after purchasing an additional 156 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Seneca Foods in the first quarter worth about $245,000. Empowered Funds LLC boosted its stake in shares of Seneca Foods by 54.0% in the first quarter. Empowered Funds LLC now owns 14,865 shares of the company’s stock worth $1,324,000 after buying an additional 5,214 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Seneca Foods in the second quarter worth about $266,000. 42.51% of the stock is owned by institutional investors and hedge funds.

Seneca Foods Trading Up 2.4%

Shares of NASDAQ:SENEA opened at $147.82 on Thursday. The business has a 50 day moving average of $145.29 and a two-hundred day moving average of $129.53. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. Seneca Foods Corp. has a 12-month low of $85.20 and a 12-month high of $167.51. The company has a market capitalization of $1.00 billion, a PE ratio of 11.37 and a beta of -0.03.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SENEA. Wall Street Zen raised Seneca Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Freedom Capital raised Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seneca Foods in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Seneca Foods currently has a consensus rating of “Strong Buy”.

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.