SunOpta Inc. (NASDAQ:STKL) Position Trimmed by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 95.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,900 shares of the company's stock after selling 107,258 shares during the period. Cubist Systematic Strategies LLC's holdings in SunOpta were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. CastleKnight Management LP boosted its position in SunOpta by 9.1% during the fourth quarter. CastleKnight Management LP now owns 393,703 shares of the company's stock worth $3,032,000 after acquiring an additional 32,900 shares during the last quarter. Cetera Investment Advisers grew its position in shares of SunOpta by 276.9% in the fourth quarter. Cetera Investment Advisers now owns 80,832 shares of the company's stock valued at $622,000 after purchasing an additional 59,384 shares during the period. Bayesian Capital Management LP grew its position in shares of SunOpta by 15.2% in the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after purchasing an additional 1,523 shares during the period. Bank of America Corp DE grew its position in shares of SunOpta by 30.1% in the fourth quarter. Bank of America Corp DE now owns 430,595 shares of the company's stock valued at $3,316,000 after purchasing an additional 99,496 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of SunOpta by 100.3% in the fourth quarter. Ameriprise Financial Inc. now owns 24,741 shares of the company's stock valued at $191,000 after purchasing an additional 12,391 shares during the period. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Trading Down 1.0%

NASDAQ:STKL traded down $0.06 during trading hours on Friday, reaching $5.76. 749,750 shares of the company were exchanged, compared to its average volume of 757,654. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The firm has a market cap of $677.04 million, a price-to-earnings ratio of -32.00 and a beta of 1.50. SunOpta Inc. has a 52-week low of $3.65 and a 52-week high of $8.11. The stock has a 50 day simple moving average of $4.82 and a 200 day simple moving average of $6.41.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its earnings results on Wednesday, May 7th. 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 7.92% and a negative net margin of 2.74%. The firm had revenue of $201.63 million for the quarter, compared to analysts' expectations of $195.09 million. As a group, analysts predict that SunOpta Inc. will post 0.13 EPS for the current year.

Insider Activity at SunOpta

In other news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now owns 28,150 shares of the company's stock, valued at $149,758. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of SunOpta from a "sell" rating to a "hold" rating in a research note 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.