Squarepoint Ops LLC Purchases New Holdings in Seneca Foods Co. (NASDAQ:SENEA)

Squarepoint Ops LLC acquired a new position in Seneca Foods Co. (NASDAQ:SENEA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 4,666 shares of the company’s stock, valued at approximately $268,000.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Seneca Foods by 107.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,710 shares of the company’s stock valued at $97,000 after purchasing an additional 884 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Seneca Foods in the 1st quarter valued at about $255,000. BNP Paribas Financial Markets grew its stake in Seneca Foods by 42.3% in the 1st quarter. BNP Paribas Financial Markets now owns 5,155 shares of the company’s stock worth $293,000 after acquiring an additional 1,533 shares in the last quarter. American Century Companies Inc. increased its position in shares of Seneca Foods by 10.9% during the second quarter. American Century Companies Inc. now owns 8,676 shares of the company’s stock worth $498,000 after acquiring an additional 856 shares during the period. Finally, Range Financial Group LLC increased its position in shares of Seneca Foods by 2.6% during the first quarter. Range Financial Group LLC now owns 10,175 shares of the company’s stock worth $579,000 after acquiring an additional 262 shares during the period. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Price Performance

Shares of SENEA stock opened at $63.54 on Friday. The stock has a market capitalization of $442.49 million, a price-to-earnings ratio of 7.54 and a beta of 0.27. The company has a current ratio of 3.83, a quick ratio of 0.46 and a debt-to-equity ratio of 0.82. Seneca Foods Co. has a twelve month low of $43.89 and a twelve month high of $65.50. The stock has a fifty day simple moving average of $61.02 and a two-hundred day simple moving average of $59.55.

Seneca Foods (NASDAQ:SENEA) last issued its earnings results on Thursday, August 8th. The company reported $1.49 earnings per share (EPS) for the quarter. Seneca Foods had a net margin of 3.61% and a return on equity of 11.72%. The company had revenue of $304.73 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Seneca Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 20th.

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.