Seneca Foods Corp (SENEA) Holdings Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Seneca Foods Corp (NASDAQ:SENEA) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,000 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Renaissance Technologies LLC owned 0.76% of Seneca Foods worth $1,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan lifted its holdings in Seneca Foods by 95.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,030 shares of the company’s stock worth $136,000 after acquiring an additional 2,450 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Seneca Foods during the 2nd quarter worth $228,000. Strs Ohio raised its stake in shares of Seneca Foods by 9.9% during the 2nd quarter. Strs Ohio now owns 19,900 shares of the company’s stock worth $537,000 after purchasing an additional 1,800 shares during the period. UBS Group AG raised its stake in shares of Seneca Foods by 102.3% during the 1st quarter. UBS Group AG now owns 26,533 shares of the company’s stock worth $735,000 after purchasing an additional 13,416 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Seneca Foods by 28.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,814 shares of the company’s stock worth $913,000 after purchasing an additional 7,400 shares during the period. 54.65% of the stock is currently owned by institutional investors.

Several brokerages have commented on SENEA. BidaskClub raised shares of Seneca Foods from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 4th. TheStreet raised shares of Seneca Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, September 12th. Finally, ValuEngine raised shares of Seneca Foods from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th.



NASDAQ:SENEA opened at $32.10 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.77 and a quick ratio of 0.61. Seneca Foods Corp has a 12 month low of $25.45 and a 12 month high of $36.60.

Seneca Foods (NASDAQ:SENEA) last issued its earnings results on Tuesday, July 31st. The company reported ($1.27) earnings per share (EPS) for the quarter. The firm had revenue of $342.39 million during the quarter. Seneca Foods had a negative net margin of 1.16% and a negative return on equity of 1.46%.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It 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, Cherryman, and Seneca Farms.

Further Reading: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for Seneca Foods (NASDAQ:SENEA)

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