Dynamic Technology Lab Private Ltd bought a new stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,216 shares of the company’s stock, valued at approximately $369,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STKL. Janus Capital Management LLC grew its position in SunOpta by 1.4% in the 1st quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock valued at $103,000 after acquiring an additional 211 shares during the last quarter. Aperio Group LLC grew its position in shares of SunOpta by 0.6% during the 2nd quarter. Aperio Group LLC now owns 52,733 shares of the company’s stock worth $538,000 after buying an additional 313 shares in the last quarter. Hollencrest Securities LLC grew its position in shares of SunOpta by 14.3% during the 2nd quarter. Hollencrest Securities LLC now owns 24,000 shares of the company’s stock worth $245,000 after buying an additional 3,000 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of SunOpta by 13.4% during the 1st quarter. OppenheimerFunds Inc. now owns 84,465 shares of the company’s stock worth $587,000 after buying an additional 9,979 shares in the last quarter. Finally, Brant Point Investment Management LLC grew its position in shares of SunOpta by 3.1% during the 2nd quarter. Brant Point Investment Management LLC now owns 336,400 shares of the company’s stock worth $3,431,000 after buying an additional 10,000 shares in the last quarter. 79.21% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CAO John Ruelle sold 38,361 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total transaction of $335,658.75. Following the sale, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at $335,658.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Mckeracher sold 36,533 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $8.41, for a total value of $307,242.53. The disclosure for this sale can be found here. Company insiders own 1.88% of the company’s stock.
STKL has been the topic of a number of recent research reports. Zacks Investment Research raised SunOpta from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Saturday, July 15th. BidaskClub downgraded SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. SunOpta presently has a consensus rating of “Hold” and an average target price of $9.50.
SunOpta, Inc. (NASDAQ STKL) traded down $0.17 during trading on Friday, reaching $7.50. The company’s stock had a trading volume of 497,800 shares, compared to its average volume of 454,342. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.44. SunOpta, Inc. has a 52 week low of $6.00 and a 52 week high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The business had revenue of $320.71 million during the quarter, compared to analysts’ expectations of $335.68 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. equities analysts predict that SunOpta, Inc. will post -0.01 earnings per share for the current year.
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Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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