SunOpta Inc. (NASDAQ:STKL) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 4.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,836,989 shares of the company's stock after purchasing an additional 75,067 shares during the period. Harbor Capital Advisors Inc. owned approximately 1.53% of SunOpta worth $8,928,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in STKL. Quarry LP acquired a new stake in shares of SunOpta in the fourth quarter valued at about $36,000. D.A. Davidson & CO. purchased a new position in SunOpta in the fourth quarter valued at about $81,000. Bayesian Capital Management LP lifted its position in shares of 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 acquiring an additional 1,523 shares during the period. Quadrant Capital Group LLC lifted its position in shares of SunOpta by 15.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after acquiring an additional 1,923 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in shares of SunOpta by 18.7% during the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock worth $113,000 after acquiring an additional 2,316 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction dated Thursday, March 13th. The stock was 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 owns 28,150 shares in the company, valued at approximately $149,758. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

SunOpta Price Performance

Shares of NASDAQ:STKL traded up $0.04 during midday trading on Tuesday, hitting $5.72. 682,576 shares of the stock were exchanged, compared to its average volume of 777,180. SunOpta Inc. has a twelve month low of $3.65 and a twelve month 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 company has a 50 day moving average price of $5.02 and a 200-day moving average price of $6.29. The stock has a market cap of $672.34 million, a P/E ratio of -31.78 and a beta of 1.47.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 company had revenue of $201.63 million during the quarter, compared to analysts' expectations of $195.09 million. On average, research analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current year.

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.