Seneca Foods Corp. $SENEA Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in shares of Seneca Foods Corp. (NASDAQ:SENEA) by 68.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,988 shares of the company’s stock after purchasing an additional 7,723 shares during the quarter. Ritholtz Wealth Management’s holdings in Seneca Foods were worth $2,869,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SENEA. Ballentine Partners LLC increased its position in shares of Seneca Foods by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock valued at $317,000 after buying an additional 89 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Seneca Foods by 11.0% during the 4th quarter. Van ECK Associates Corp now owns 908 shares of the company’s stock worth $100,000 after buying an additional 90 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Seneca Foods by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock valued at $250,000 after buying an additional 156 shares in the last quarter. Pullen Investment Management LLC grew its stake in Seneca Foods by 0.5% in the 4th quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock valued at $3,728,000 after acquiring an additional 168 shares during the period. Finally, Parallel Advisors LLC grew its stake in Seneca Foods by 27.8% in the 3rd quarter. Parallel Advisors LLC now owns 1,029 shares of the company’s stock valued at $111,000 after acquiring an additional 224 shares during the period. 42.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on SENEA. Weiss Ratings raised shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Seneca Foods currently has a consensus rating of “Strong Buy”.

Seneca Foods Stock Performance

NASDAQ SENEA opened at $170.38 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.06 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $145.59 and its 200-day simple moving average is $134.78. The company has a market cap of $1.15 billion, a PE ratio of 10.26 and a beta of -0.03. Seneca Foods Corp. has a 1-year low of $98.53 and a 1-year high of $181.43.

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.