Dynamic Technology Lab Private Ltd Buys Shares of 192,884 SunOpta, Inc. $STKL

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in SunOpta, Inc. worth approximately $937,000, representing 0.16% of the company's shares.
• Other institutional investors, including Wealth Enhancement Advisory Services LLC and Peregrine Capital Management LLC, have significantly increased their holdings in SunOpta during the first quarter.
• SunOpta reported positive quarterly earnings of $0.04 per share, surpassing analysts' expectations, with revenues of $191.49 million for the period.

Dynamic Technology Lab Private Ltd acquired a new position in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 192,884 shares of the company's stock, valued at approximately $937,000. Dynamic Technology Lab Private Ltd owned approximately 0.16% of SunOpta as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EP Wealth Advisors LLC boosted its position in shares of SunOpta by 11.9% during the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock worth $80,000 after acquiring an additional 1,747 shares in the last quarter. XTX Topco Ltd boosted its position in shares of SunOpta by 3.3% during the 1st quarter. XTX Topco Ltd now owns 72,636 shares of the company's stock worth $353,000 after acquiring an additional 2,354 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of SunOpta by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,001 shares of the company's stock worth $272,000 after acquiring an additional 2,424 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of SunOpta by 4.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,055 shares of the company's stock worth $701,000 after acquiring an additional 4,053 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of SunOpta by 5.1% during the 1st quarter. Rhumbline Advisers now owns 147,519 shares of the company's stock worth $717,000 after acquiring an additional 7,209 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Stock Performance

Shares of SunOpta stock traded down $0.13 on Friday, hitting $6.26. The stock had a trading volume of 594,744 shares, compared to its average volume of 512,646. SunOpta, Inc. has a 52-week low of $3.64 and a 52-week high of $8.11. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. The stock has a market cap of $739.87 million, a price-to-earnings ratio of -104.33 and a beta of 1.35. The company's 50 day moving average price is $6.23 and its 200 day moving average price is $5.63.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $191.49 million during the quarter, compared to the consensus estimate of $185.36 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. On average, research analysts anticipate that SunOpta, Inc. will post 0.13 EPS for the current year.

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.