SunOpta Inc. (NASDAQ:STKL) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 30.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,595 shares of the company's stock after acquiring an additional 99,496 shares during the quarter. Bank of America Corp DE owned 0.36% of SunOpta worth $3,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in STKL. Boston Trust Walden Corp purchased a new position in shares of SunOpta in the fourth quarter worth approximately $169,000. Hodges Capital Management Inc. lifted its holdings in SunOpta by 1.2% in the 4th quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company's stock worth $28,081,000 after purchasing an additional 42,232 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of SunOpta by 17.8% during the fourth quarter. Tectonic Advisors LLC now owns 313,411 shares of the company's stock worth $2,413,000 after acquiring an additional 47,407 shares during the last quarter. Van ECK Associates Corp grew its position in shares of SunOpta by 64.7% during the fourth quarter. Van ECK Associates Corp now owns 18,070 shares of the company's stock valued at $139,000 after purchasing an additional 7,097 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of SunOpta by 2.5% during the 4th quarter. Rhumbline Advisers now owns 140,310 shares of the company's stock worth $1,080,000 after acquiring an additional 3,402 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares of the company's stock, valued at approximately $149,758. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

SunOpta Trading Down 3.8%

Shares of STKL stock traded down $0.23 on Wednesday, reaching $5.76. 927,199 shares of the company's stock were exchanged, compared to its average volume of 764,159. The company's fifty day simple moving average is $4.94 and its 200 day simple moving average is $6.35. SunOpta Inc. has a 52 week low of $3.65 and a 52 week high of $8.11. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $677.04 million, a PE ratio of -32.00 and a beta of 1.50.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The firm had revenue of $201.63 million for the quarter, compared to analyst estimates of $195.09 million. As a group, analysts forecast that SunOpta Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

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.