AQR Capital Management LLC Buys 3,973 Shares of Seneca Foods Co. (NASDAQ:SENEA)

AQR Capital Management LLC increased its position in Seneca Foods Co. (NASDAQ:SENEA) by 39.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,094 shares of the company’s stock after purchasing an additional 3,973 shares during the quarter. AQR Capital Management LLC owned approximately 0.20% of Seneca Foods worth $809,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SENEA. Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 884 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Seneca Foods in the 1st quarter valued at $255,000. Squarepoint Ops LLC purchased a new position in shares of Seneca Foods in the 2nd quarter valued at $268,000. BNP Paribas Financial Markets raised its position in shares of 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. Finally, American Century Companies Inc. lifted its stake in shares of Seneca Foods by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 8,676 shares of the company’s stock worth $498,000 after purchasing an additional 856 shares during the last quarter. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Seneca Foods Stock Performance

NASDAQ SENEA opened at $63.54 on Friday. The firm has a market capitalization of $442.49 million, a P/E ratio of 7.54 and a beta of 0.27. The stock has a 50-day simple moving average of $61.02 and a two-hundred day simple moving average of $59.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.46 and a current ratio of 3.83. Seneca Foods Co. has a fifty-two week low of $43.89 and a fifty-two week high of $65.50.

Seneca Foods (NASDAQ:SENEA) last posted 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 business had revenue of $304.73 million for the quarter.

About Seneca Foods

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.