Seneca Foods Corp. $SENEA Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC trimmed its stake in Seneca Foods Corp. (NASDAQ:SENEA) by 21.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,952 shares of the company’s stock after selling 4,758 shares during the period. Anchor Capital Advisors LLC’s holdings in Seneca Foods were worth $1,938,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in Seneca Foods by 35.1% during the second quarter. Teacher Retirement System of Texas now owns 3,119 shares of the company’s stock worth $316,000 after purchasing an additional 811 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Seneca Foods by 172.7% in the third quarter. Assenagon Asset Management S.A. now owns 28,599 shares of the company’s stock valued at $3,087,000 after purchasing an additional 18,112 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Seneca Foods by 69.5% in the second quarter. American Century Companies Inc. now owns 120,247 shares of the company’s stock valued at $12,197,000 after purchasing an additional 49,318 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Seneca Foods during the 2nd quarter worth approximately $270,000. Finally, Ritholtz Wealth Management acquired a new stake in Seneca Foods during the 2nd quarter worth approximately $787,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SENEA shares. Weiss Ratings restated a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. Wall Street Zen cut Seneca Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Seneca Foods has an average rating of “Buy”.

Seneca Foods Stock Performance

Shares of SENEA stock opened at $118.76 on Thursday. The company has a market cap of $812.32 million, a P/E ratio of 13.78 and a beta of 0.13. The firm has a fifty day moving average price of $115.26 and a 200 day moving average price of $110.67. The company has a current ratio of 2.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. Seneca Foods Corp. has a 12 month low of $70.98 and a 12 month high of $129.03.

About Seneca Foods

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.