Seaboard (NYSEAMERICAN:SEB) Downgraded by StockNews.com

Seaboard (NYSEAMERICAN:SEB) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Seaboard Stock Performance

Shares of NYSEAMERICAN SEB traded down $4.70 during trading on Wednesday, hitting $3,094.36. The stock had a trading volume of 2,238 shares, compared to its average volume of 1,838. Seaboard has a 12 month low of $2,955.33 and a 12 month high of $3,850.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.45 and a quick ratio of 1.47. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 12.86 and a beta of 0.35.

Seaboard (NYSEAMERICAN:SEB) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $62.82 earnings per share for the quarter. The company had revenue of $2.21 billion for the quarter. Seaboard had a net margin of 3.01% and a return on equity of 5.69%.

Hedge Funds Weigh In On Seaboard

A number of hedge funds and other institutional investors have recently made changes to their positions in SEB. Gladius Capital Management LP purchased a new position in shares of Seaboard in the 2nd quarter worth about $32,000. Innealta Capital LLC purchased a new stake in Seaboard during the second quarter valued at about $60,000. Covestor Ltd lifted its holdings in Seaboard by 18.5% during the first quarter. Covestor Ltd now owns 32 shares of the company’s stock valued at $106,000 after purchasing an additional 5 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in Seaboard by 115.8% during the first quarter. Janiczek Wealth Management LLC now owns 41 shares of the company’s stock valued at $132,000 after purchasing an additional 22 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Seaboard during the second quarter valued at about $205,000. 22.57% of the stock is owned by hedge funds and other institutional investors.

About Seaboard

Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel.