SunOpta Inc. (NASDAQ:STKL) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its stake in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 276.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,832 shares of the company's stock after buying an additional 59,384 shares during the period. Cetera Investment Advisers owned about 0.07% of SunOpta worth $622,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bayesian Capital Management LP raised its stake in SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after buying an additional 1,523 shares during the last quarter. Bank of America Corp DE raised its stake in SunOpta by 30.1% during the 4th quarter. Bank of America Corp DE now owns 430,595 shares of the company's stock valued at $3,316,000 after buying an additional 99,496 shares during the last quarter. Ameriprise Financial Inc. raised its stake in SunOpta by 100.3% during the 4th quarter. Ameriprise Financial Inc. now owns 24,741 shares of the company's stock valued at $191,000 after buying an additional 12,391 shares during the last quarter. Algert Global LLC purchased a new stake in SunOpta during the 4th quarter valued at $141,000. Finally, Northern Trust Corp raised its stake in SunOpta by 3.7% during the 4th quarter. Northern Trust Corp now owns 785,201 shares of the company's stock valued at $6,046,000 after buying an additional 28,268 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now owns 28,150 shares in the company, valued at approximately $149,758. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

SunOpta Price Performance

SunOpta stock traded down $0.05 during mid-day trading on Friday, hitting $6.14. The stock had a trading volume of 1,063,095 shares, compared to its average volume of 762,027. The firm has a market capitalization of $721.71 million, a P/E ratio of -34.11 and a beta of 1.50. 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 firm's 50 day moving average is $4.90 and its 200 day moving average is $6.37. SunOpta Inc. has a one year low of $3.65 and a one year high of $8.11.

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 analysts' consensus estimates of $0.02 by $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. On average, sell-side analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.