Assenagon Asset Management S.A. Sells 9,813 Shares of Seneca Foods Corp (NASDAQ:SENEA)

Assenagon Asset Management S.A. lessened its holdings in Seneca Foods Corp (NASDAQ:SENEA) by 31.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,092 shares of the company’s stock after selling 9,813 shares during the period. Assenagon Asset Management S.A. owned 0.23% of Seneca Foods worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its position in Seneca Foods by 3.2% during the 2nd quarter. Wells Fargo & Company MN now owns 11,963 shares of the company’s stock worth $333,000 after buying an additional 372 shares during the period. KBC Group NV increased its position in Seneca Foods by 15.7% during the 2nd quarter. KBC Group NV now owns 7,638 shares of the company’s stock worth $213,000 after buying an additional 1,036 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Seneca Foods by 7.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,825 shares of the company’s stock worth $552,000 after buying an additional 1,325 shares during the period. Strs Ohio increased its position in Seneca Foods by 7.5% during the 2nd quarter. Strs Ohio now owns 20,000 shares of the company’s stock worth $556,000 after buying an additional 1,400 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Seneca Foods by 5.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 42,086 shares of the company’s stock worth $1,172,000 after buying an additional 2,054 shares during the period. Institutional investors and hedge funds own 49.39% of the company’s stock.

Separately, BidaskClub upgraded Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th.

SENEA stock opened at $33.48 on Wednesday. The company has a current ratio of 3.91, a quick ratio of 0.66 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $31.18 and its two-hundred day moving average price is $27.49. Seneca Foods Corp has a fifty-two week low of $21.97 and a fifty-two week high of $35.90.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $264.93 million for the quarter. Seneca Foods had a negative return on equity of 6.09% and a net margin of 1.28%.

Seneca Foods Company Profile

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: What are some reasons analysts would give stocks a buy rating?

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

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