Probity Advisors Inc. acquired a new position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $74,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in SunOpta by 5.4% during the 1st quarter. FMR LLC now owns 3,638,784 shares of the company’s stock valued at $12,590,000 after purchasing an additional 186,718 shares during the period. Morgan Stanley increased its holdings in SunOpta by 16.9% during the 1st quarter. Morgan Stanley now owns 2,880,724 shares of the company’s stock valued at $4,955,000 after purchasing an additional 417,301 shares during the period. Portolan Capital Management LLC purchased a new position in SunOpta during the 2nd quarter valued at about $6,344,000. Blair William & Co. IL increased its holdings in SunOpta by 2.8% during the 3rd quarter. Blair William & Co. IL now owns 1,020,766 shares of the company’s stock valued at $7,574,000 after purchasing an additional 27,597 shares during the period. Finally, Leonard Green & Partners L.P. increased its holdings in SunOpta by 36.4% during the 2nd quarter. Leonard Green & Partners L.P. now owns 300,000 shares of the company’s stock valued at $1,410,000 after purchasing an additional 80,000 shares during the period. Hedge funds and other institutional investors own 66.37% of the company’s stock.
SunOpta stock traded up $0.03 during trading hours on Tuesday, hitting $8.99. 10,339 shares of the stock traded hands, compared to its average volume of 598,696. The firm’s 50-day moving average price is $7.63 and its two-hundred day moving average price is $5.91. The company has a current ratio of 1.33, a quick ratio of 0.44 and a debt-to-equity ratio of 1.81. The company has a market cap of $805.84 million, a PE ratio of -34.46 and a beta of 1.69. SunOpta Inc. has a one year low of $1.33 and a one year high of $9.05.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Thursday, October 29th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. SunOpta had a negative return on equity of 5.45% and a negative net margin of 1.05%. On average, sell-side analysts expect that SunOpta Inc. will post -0.07 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on STKL shares. ValuEngine upgraded SunOpta from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. DA Davidson started coverage on SunOpta in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target on the stock. Lake Street Capital boosted their price target on SunOpta from $4.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. TheStreet raised SunOpta from a “d” rating to a “c-” rating in a research report on Wednesday, November 11th. Finally, Zacks Investment Research raised SunOpta from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.17.
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers; and sources and produces organic and non-genetically modified (non-GMO) ingredients for food industry worldwide. The company operates through three segments: Global Ingredients, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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