JPMorgan Chase & Co. Increases Holdings in Seneca Foods Co. (NASDAQ:SENEA)

JPMorgan Chase & Co. lifted its stake in shares of Seneca Foods Co. (NASDAQ:SENEA - Free Report) by 92.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,390 shares of the company's stock after acquiring an additional 9,783 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of Seneca Foods worth $1,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in shares of Seneca Foods by 199.4% in the third quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company's stock worth $837,000 after acquiring an additional 8,938 shares during the period. Barclays PLC lifted its holdings in Seneca Foods by 311.3% in the 3rd quarter. Barclays PLC now owns 7,222 shares of the company's stock worth $450,000 after purchasing an additional 5,466 shares in the last quarter. Jane Street Group LLC lifted its holdings in Seneca Foods by 156.7% in the 3rd quarter. Jane Street Group LLC now owns 16,034 shares of the company's stock worth $999,000 after purchasing an additional 9,787 shares in the last quarter. AQR Capital Management LLC boosted its stake in Seneca Foods by 39.3% in the 2nd quarter. AQR Capital Management LLC now owns 14,094 shares of the company's stock worth $809,000 after purchasing an additional 3,973 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Seneca Foods during the 3rd quarter valued at approximately $380,000. 42.51% of the stock is currently owned by institutional investors.

Seneca Foods Price Performance

Shares of SENEA stock traded up $1.11 during trading hours on Friday, hitting $74.41. The stock had a trading volume of 14,599 shares, compared to its average volume of 11,406. The stock's 50-day moving average price is $74.71 and its two-hundred day moving average price is $66.21. Seneca Foods Co. has a one year low of $43.89 and a one year high of $81.39. The stock has a market capitalization of $512.68 million, a price-to-earnings ratio of 12.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.64 and a quick ratio of 0.33.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.52 earnings per share for the quarter. Seneca Foods had a net margin of 2.79% and a return on equity of 10.43%. The company had revenue of $425.47 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.