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

Several other institutional investors have also added to or reduced their stakes in STKL. Granahan Investment Management LLC boosted its stake in SunOpta by 26.9% during the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company's stock valued at $21,423,000 after purchasing an additional 589,485 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in SunOpta during the 4th quarter valued at $4,027,000. Cooperman Leon G boosted its stake in SunOpta by 9.1% during the 1st quarter. Cooperman Leon G now owns 6,097,331 shares of the company's stock valued at $29,633,000 after purchasing an additional 507,990 shares during the last quarter. Woodline Partners LP boosted its stake in SunOpta by 26.2% during the 4th quarter. Woodline Partners LP now owns 1,541,019 shares of the company's stock valued at $11,866,000 after purchasing an additional 320,284 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in SunOpta during the 1st quarter valued at $1,533,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Stock Up 2.5%

STKL traded up $0.16 during trading on Friday, hitting $6.59. 668,861 shares of the company's stock traded hands, compared to its average volume of 632,798. The company's 50 day simple moving average is $6.20 and its two-hundred day simple moving average is $5.66. 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 12-month low of $3.64 and a 12-month high of $8.11. The stock has a market capitalization of $774.59 million, a price-to-earnings ratio of -109.83 and a beta of 1.35.

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

Insider Buying and Selling at SunOpta

In other news, CEO Brian W. Kocher purchased 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average cost of $5.72 per share, with a total value of $57,200.00. Following the acquisition, the chief executive officer directly owned 10,000 shares of the company's stock, valued at $57,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.

SunOpta Company Profile

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.