Invenomic Capital Management LP grew its position in Seneca Foods Co. (NASDAQ:SENEA – Get Rating) by 39.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 62,446 shares of the company’s stock after acquiring an additional 17,675 shares during the period. Invenomic Capital Management LP owned 0.72% of Seneca Foods worth $2,995,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Seneca Foods by 3.3% in the 4th quarter. JPMorgan Chase & Co. now owns 147,592 shares of the company’s stock valued at $7,076,000 after acquiring an additional 4,780 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Seneca Foods by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 84,036 shares of the company’s stock valued at $4,053,000 after purchasing an additional 1,232 shares during the period. Panagora Asset Management Inc. increased its holdings in Seneca Foods by 10.6% in the third quarter. Panagora Asset Management Inc. now owns 57,474 shares of the company’s stock valued at $2,771,000 after purchasing an additional 5,503 shares during the period. Euclidean Technologies Management LLC increased its holdings in Seneca Foods by 5.8% in the fourth quarter. Euclidean Technologies Management LLC now owns 45,873 shares of the company’s stock valued at $2,200,000 after purchasing an additional 2,500 shares during the period. Finally, Morgan Stanley increased its holdings in Seneca Foods by 96.3% in the second quarter. Morgan Stanley now owns 37,809 shares of the company’s stock valued at $1,932,000 after purchasing an additional 18,546 shares during the period. Institutional investors own 57.65% of the company’s stock.
Shares of SENEA traded down $0.13 during trading hours on Friday, hitting $54.26. The stock had a trading volume of 24,694 shares, compared to its average volume of 23,712. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.03 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $53.37 and a 200-day simple moving average of $49.83. The firm has a market capitalization of $457.95 million, a P/E ratio of 8.20 and a beta of 0.64. Seneca Foods Co. has a 1-year low of $41.54 and a 1-year high of $57.67.
Seneca Foods Profile (Get Rating)
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, READ, Green Valley, and CherryMan.
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