New York State Teachers Retirement System Buys Shares of 425 Seneca Foods Corp. $SENEA

New York State Teachers Retirement System purchased a new stake in shares of Seneca Foods Corp. (NASDAQ:SENEA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 425 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of Seneca Foods by 179.2% in the 1st quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock worth $65,000 after buying an additional 466 shares during the last quarter. HFM Investment Advisors LLC purchased a new position in shares of Seneca Foods in the 1st quarter worth $71,000. Quantbot Technologies LP purchased a new position in shares of Seneca Foods in the 1st quarter worth $135,000. State of Wyoming boosted its stake in shares of Seneca Foods by 128.0% in the 1st quarter. State of Wyoming now owns 1,838 shares of the company’s stock worth $164,000 after buying an additional 1,032 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in shares of Seneca Foods in the 2nd quarter worth $225,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Price Performance

NASDAQ SENEA opened at $115.56 on Friday. The company has a market capitalization of $792.74 million, a PE ratio of 18.55 and a beta of 0.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11. The business’s fifty day moving average is $110.77 and its 200 day moving average is $100.14. Seneca Foods Corp. has a fifty-two week low of $61.40 and a fifty-two week high of $124.00.

Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, August 7th. The company reported $0.86 earnings per share for the quarter. The company had revenue of $297.46 million for the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SENEA. Weiss Ratings restated a “buy (b-)” rating on shares of Seneca Foods in a research note on Wednesday, October 8th. Wall Street Zen downgraded Seneca Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Seneca Foods Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; 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, Cherryman, Green Valley, and READ.