Sei Investments Co. trimmed its stake in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 23.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,765 shares of the company’s stock after selling 4,776 shares during the quarter. Sei Investments Co.’s holdings in SunOpta were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of STKL. Janus Capital Management LLC lifted its position in shares of SunOpta by 1.4% in the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of SunOpta in the second quarter worth approximately $104,000. Spark Investment Management LLC purchased a new stake in shares of SunOpta in the second quarter worth approximately $162,000. Trexquant Investment LP purchased a new stake in shares of SunOpta in the first quarter worth approximately $181,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock worth $188,000 after purchasing an additional 3,100 shares in the last quarter. 79.25% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of SunOpta from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Saturday, July 22nd. Citigroup Inc. increased their price target on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Finally, BidaskClub lowered shares of SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.30.
In other news, insider Jeffrey Gough purchased 5,000 shares of SunOpta stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $8.70 per share, with a total value of $43,500.00. Following the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $174,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO John Ruelle sold 38,361 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total value of $335,658.75. Following the transaction, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at approximately $335,658.75. The disclosure for this sale can be found here. Corporate insiders own 1.88% of the company’s stock.
SunOpta, Inc. (NASDAQ STKL) opened at 8.55 on Tuesday. The company’s market cap is $739.54 million. The company’s 50-day moving average is $9.06 and its 200 day moving average is $8.42. SunOpta, Inc. has a 12 month low of $5.73 and a 12 month high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The firm had revenue of $336.45 million for the quarter, compared to analyst estimates of $341.18 million. During the same period last year, the company earned $0.05 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Equities analysts forecast that SunOpta, Inc. will post $0.02 earnings per share for the current fiscal year.
SunOpta Company Profile
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.
Receive News & Ratings for SunOpta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunOpta Inc. and related companies with MarketBeat.com's FREE daily email newsletter.