Comerica Bank Decreases Stake in Seneca Foods Co. (NASDAQ:SENEA)

Comerica Bank lowered its holdings in Seneca Foods Co. (NASDAQ:SENEA – Get Rating) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,377 shares of the company’s stock after selling 220 shares during the quarter. Comerica Bank owned 0.06% of Seneca Foods worth $303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invenomic Capital Management LP increased its stake in shares of Seneca Foods by 39.5% in the fourth quarter. Invenomic Capital Management LP now owns 62,446 shares of the company’s stock worth $2,995,000 after acquiring an additional 17,675 shares during the period. Euclidean Technologies Management LLC grew its position in Seneca Foods by 5.8% during the fourth quarter. Euclidean Technologies Management LLC now owns 45,873 shares of the company’s stock valued at $2,200,000 after buying an additional 2,500 shares during the period. Foundry Partners LLC acquired a new stake in Seneca Foods during the first quarter valued at $3,337,000. Bailard Inc. grew its position in Seneca Foods by 5.8% during the first quarter. Bailard Inc. now owns 5,501 shares of the company’s stock valued at $284,000 after buying an additional 300 shares during the period. Finally, Eaton Vance Management grew its position in Seneca Foods by 19.9% during the fourth quarter. Eaton Vance Management now owns 3,095 shares of the company’s stock valued at $75,000 after buying an additional 514 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

Seneca Foods Stock Down 2.0 %

SENEA stock opened at $56.92 on Monday. The firm has a market cap of $465.49 million, a PE ratio of 9.86 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 3.21. The firm’s fifty day moving average is $55.78 and its 200 day moving average is $52.67. Seneca Foods Co. has a one year low of $41.54 and a one year high of $62.09.

Seneca Foods (NASDAQ:SENEA – Get Rating) last released its quarterly earnings results on Friday, June 10th. The company reported $0.77 EPS for the quarter. The company had revenue of $332.39 million for the quarter. Seneca Foods had a net margin of 3.68% and a return on equity of 8.68%.

Seneca Foods Profile

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Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled 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.

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