Seaboard (NYSEAMERICAN:SEB) Reaches New 52-Week Low – What’s Next?

Seaboard Corporation (NYSEAMERICAN:SEB) shares reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $3,532.86 and last traded at $3,525.4990, with a volume of 11,347 shares changing hands. The stock had previously closed at $3,733.72.

Seaboard Trading Down 6.5%

The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 5.30 and a beta of 0.21. The business has a 50-day moving average of $4,047.40 and a two-hundred day moving average of $4,754.00. The company has a quick ratio of 1.33, a current ratio of 2.40 and a debt-to-equity ratio of 0.18.

Seaboard (NYSEAMERICAN:SEB) last posted its earnings results on Tuesday, August 4th. The company reported $159.74 EPS for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%. The business had revenue of $2.92 billion during the quarter.

Hedge Funds Weigh In On Seaboard

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc bought a new position in Seaboard during the second quarter worth about $27,000. KBC Group NV bought a new position in Seaboard during the 1st quarter worth approximately $34,000. Provenance Wealth Advisors LLC bought a new stake in Seaboard in the third quarter valued at approximately $36,000. Nisa Investment Advisors LLC grew its stake in Seaboard by 66.7% in the third quarter. Nisa Investment Advisors LLC now owns 10 shares of the company’s stock valued at $39,000 after acquiring an additional 4 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Seaboard during the 1st quarter valued at about $62,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

Seaboard Company Profile

Seaboard Corporation is a diversified agribusiness and transportation company with operations in the United States, Latin America, the Caribbean and Africa. Its businesses are organized around food production, commodity trading, marine transportation, sugar production and power generation.

In its pork segment, Seaboard raises hogs and processes and distributes pork products in the United States. The company’s commodity trading and milling operations market and process grains, oilseeds and other agricultural products, with activities that include flour and feed milling as well as distribution in international markets.

Seaboard also operates a containerized ocean transportation business serving routes in the Americas, the Caribbean and other regions.