Great Lakes Advisors LLC Acquires Shares of 3,969 Seneca Foods Corp. $SENEA

Great Lakes Advisors LLC acquired a new stake in Seneca Foods Corp. (NASDAQ:SENEA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,969 shares of the company’s stock, valued at approximately $690,000. Great Lakes Advisors LLC owned approximately 0.06% of Seneca Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Hsbc Holdings PLC purchased a new position in shares of Seneca Foods in the 4th quarter valued at about $722,000. Teacher Retirement System of Texas boosted its position in Seneca Foods by 75.0% during the fourth quarter. Teacher Retirement System of Texas now owns 21,633 shares of the company’s stock worth $2,393,000 after purchasing an additional 9,273 shares in the last quarter. Range Financial Group LLC purchased a new position in Seneca Foods during the first quarter worth approximately $1,140,000. Lazard Asset Management LLC grew its holdings in Seneca Foods by 30.9% in the first quarter. Lazard Asset Management LLC now owns 57,470 shares of the company’s stock valued at $8,685,000 after purchasing an additional 13,564 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new stake in Seneca Foods in the second quarter valued at approximately $1,808,000. Institutional investors and hedge funds own 42.51% of the company’s stock.

Analyst Ratings Changes

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

Seneca Foods Stock Up 0.8%

SENEA stock opened at $194.07 on Friday. Seneca Foods Corp. has a 52 week low of $99.58 and a 52 week high of $199.55. The company has a quick ratio of 0.88, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $173.59 and a 200-day simple moving average of $152.49. The stock has a market capitalization of $1.31 billion, a P/E ratio of 11.21 and a beta of -0.07.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly 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 net margin of 6.75% and a return on equity of 14.96%. The company had revenue of $405.17 million during the quarter, compared to analysts’ expectations of $327.00 million.

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.