Ardsley Advisory Partners LP Sells 280,000 Shares of SunOpta, Inc. $STKL

Key Points

• Ardsley Advisory Partners LP reduced its stake in SunOpta, Inc. by 20.1%, selling 280,000 shares and owning approximately 1,110,000 shares valued at $5.4 million post-sale.
• In the 1st quarter, several institutional investors increased their holdings in SunOpta, leading to 85.39% of the company's stock being owned by institutional investors.
• SunOpta's stock is currently priced at $6.18, experiencing a 1.4% decline, while the company forecasts earnings per share of 0.13 for the current fiscal year.

Ardsley Advisory Partners LP cut its holdings in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 20.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,110,000 shares of the company's stock after selling 280,000 shares during the period. Ardsley Advisory Partners LP owned 0.94% of SunOpta worth $5,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Cooperman Leon G raised its position in shares of SunOpta by 9.1% in the 1st quarter. Cooperman Leon G now owns 6,097,331 shares of the company's stock valued at $29,633,000 after acquiring an additional 507,990 shares during the period. EP Wealth Advisors LLC raised its position in shares of SunOpta by 11.9% in the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock valued at $80,000 after acquiring an additional 1,747 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of SunOpta by 1,095.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 58,598 shares of the company's stock valued at $285,000 after acquiring an additional 53,698 shares during the period. State of Wyoming acquired a new stake in shares of SunOpta in the 1st quarter valued at approximately $81,000. Finally, Trexquant Investment LP raised its position in shares of SunOpta by 112.1% in the 1st quarter. Trexquant Investment LP now owns 287,697 shares of the company's stock valued at $1,398,000 after acquiring an additional 152,073 shares during the period. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Trading Down 3.1%

Shares of NASDAQ:STKL traded down $0.21 during mid-day trading on Monday, reaching $6.39. The stock had a trading volume of 160,232 shares, compared to its average volume of 852,493. The firm has a market cap of $754.64 million, a PE ratio of -106.25 and a beta of 1.35. The firm has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $5.65. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. SunOpta, Inc. has a twelve month low of $3.64 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $191.49 million for the quarter, compared to the consensus estimate of $185.36 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. On average, research analysts predict that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian W. Kocher bought 10,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were purchased at an average cost of $5.72 per share, for a total transaction of $57,200.00. Following the acquisition, the chief executive officer owned 10,000 shares of the company's stock, valued at approximately $57,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company's stock.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.