Cooperman Leon G Has $29.63 Million Holdings in SunOpta, Inc. $STKL

Key Points

• Cooperman Leon G increased its stake in SunOpta, Inc. by 9.1%, acquiring an additional 507,990 shares, bringing its total ownership to approximately 6.1 million shares valued at around $29.6 million.
• Other hedge funds are also ramping up their investments in SunOpta, with Bayesian Capital Management and EP Wealth Advisors boosting their holdings between 11.9% to 15.2% in recent quarters.
• SunOpta reported a quarterly profit of $0.04 per share, surpassing estimates of $0.02, while achieving revenue of $191.49 million, defeating analyst expectations of $185.36 million.

Cooperman Leon G grew its position in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 9.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,097,331 shares of the company's stock after buying an additional 507,990 shares during the quarter. SunOpta makes up about 1.2% of Cooperman Leon G's investment portfolio, making the stock its 24th largest holding. Cooperman Leon G owned approximately 5.19% of SunOpta worth $29,633,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Granahan Investment Management LLC raised its stake in shares of SunOpta by 26.9% in the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company's stock valued at $21,423,000 after acquiring an additional 589,485 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of SunOpta in the 4th quarter valued at approximately $4,027,000. Woodline Partners LP raised its stake in shares of SunOpta by 26.2% in the 4th quarter. Woodline Partners LP now owns 1,541,019 shares of the company's stock valued at $11,866,000 after acquiring an additional 320,284 shares in the last quarter. Nuveen LLC bought a new position in shares of SunOpta in the 1st quarter valued at approximately $1,533,000. Finally, Riverwater Partners LLC bought a new position in shares of SunOpta in the 1st quarter valued at approximately $1,410,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SunOpta

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

SunOpta Stock Performance

Shares of STKL stock traded up $0.16 during trading on Friday, reaching $6.59. The company had a trading volume of 668,861 shares, compared to its average volume of 632,798. The firm's 50 day simple moving average is $6.20 and its two-hundred day simple moving average is $5.66. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39. SunOpta, Inc. has a one year low of $3.64 and a one year high of $8.11. The company has a market capitalization of $774.59 million, a PE ratio of -109.83 and a beta of 1.35.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data 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. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%.The business had revenue of $191.49 million for the quarter, compared to the consensus estimate of $185.36 million. Sell-side analysts forecast that SunOpta, Inc. will post 0.13 earnings per share for the current year.

SunOpta 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.