Essex Investment Management Co. LLC boosted its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,116 shares of the company’s stock after acquiring an additional 8,309 shares during the period. Essex Investment Management Co. LLC owned 0.28% of SunOpta worth $1,772,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of STKL. A.R.T. Advisors LLC bought a new position in SunOpta during the 1st quarter worth $151,000. Point72 Asset Management L.P. acquired a new stake in shares of SunOpta in the 1st quarter valued at $3,679,000. CIBC World Markets Inc. acquired a new stake in shares of SunOpta in the 1st quarter valued at $4,253,000. Bank of Montreal Can boosted its holdings in shares of SunOpta by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 996,900 shares of the company’s stock valued at $8,374,000 after purchasing an additional 61,885 shares in the last quarter. Finally, Shufro Rose & Co. LLC acquired a new stake in shares of SunOpta in the 2nd quarter valued at $509,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded SunOpta from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. BidaskClub raised SunOpta from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th.
Shares of STKL stock opened at $7.39 on Thursday. The firm has a market capitalization of $640.59 million, a price-to-earnings ratio of -52.86 and a beta of 1.39. SunOpta, Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $9.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.40 and a current ratio of 1.23.
SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, August 8th. The company reported ($0.06) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The firm had revenue of $319.31 million for the quarter, compared to the consensus estimate of $319.10 million. SunOpta had a negative return on equity of 6.70% and a negative net margin of 10.53%. On average, analysts forecast that SunOpta, Inc. will post -0.18 earnings per share for the current year.
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
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