Seneca Foods Corp. $SENEA Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in Seneca Foods Corp. (NASDAQ:SENEA) by 14.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,042 shares of the company’s stock after selling 6,414 shares during the quarter. Pacer Advisors Inc.’s holdings in Seneca Foods were worth $5,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SENEA. EverSource Wealth Advisors LLC purchased a new stake in Seneca Foods during the second quarter worth about $36,000. Public Employees Retirement System of Ohio purchased a new position in Seneca Foods in the first quarter valued at about $54,000. Quarry LP purchased a new position in Seneca Foods in the third quarter valued at about $57,000. Employees Retirement System of Texas acquired a new stake in shares of Seneca Foods during the 3rd quarter valued at approximately $64,000. Finally, Royal Bank of Canada lifted its position in shares of Seneca Foods by 22.6% during the 1st quarter. Royal Bank of Canada now owns 429 shares of the company’s stock valued at $65,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 42.51% of the company’s stock.

Analysts Set New Price Targets

SENEA has been the topic of several research analyst reports. Weiss Ratings raised Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. Freedom Capital raised Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Seneca Foods Price Performance

Shares of NASDAQ SENEA opened at $170.74 on Thursday. The company has a current ratio of 5.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $164.06 and its 200 day moving average price is $146.82. Seneca Foods Corp. has a 52 week low of $99.58 and a 52 week high of $187.61. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 10.29 and a beta of -0.07.

Seneca Foods Company 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.