Royce & Associates LP raised its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 36.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,273,907 shares of the company’s stock after purchasing an additional 339,775 shares during the period. Royce & Associates LP owned 1.46% of SunOpta worth $9,363,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new position in SunOpta during the second quarter valued at $167,000. Janney Montgomery Scott LLC purchased a new position in SunOpta during the third quarter valued at $200,000. Franklin Resources Inc. lifted its holdings in SunOpta by 220.9% during the third quarter. Franklin Resources Inc. now owns 63,610 shares of the company’s stock valued at $468,000 after purchasing an additional 43,790 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in SunOpta during the third quarter valued at $566,000. Finally, Renaissance Technologies LLC purchased a new position in SunOpta during the second quarter valued at $668,000. 79.72% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:STKL opened at $4.59 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $394.93 million, a PE ratio of -32.79 and a beta of 1.15. SunOpta, Inc. has a twelve month low of $4.14 and a twelve month high of $9.10.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $308.37 million for the quarter, compared to the consensus estimate of $317.80 million. SunOpta had a negative net margin of 10.52% and a negative return on equity of 7.59%. On average, research analysts anticipate that SunOpta, Inc. will post -0.22 earnings per share for the current year.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded shares of SunOpta from a “c-” rating to a “d+” rating in a research note on Friday, November 9th. BidaskClub downgraded shares of SunOpta from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Finally, ValuEngine downgraded shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.00.
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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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