Harbor Capital Advisors Inc. boosted its position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,836,989 shares of the company's stock after purchasing an additional 75,067 shares during the quarter. Harbor Capital Advisors Inc. owned 1.53% of SunOpta worth $8,928,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Granahan Investment Management LLC raised its holdings in SunOpta by 26.9% in the fourth quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company's stock worth $21,423,000 after purchasing an additional 589,485 shares during the period. Franklin Resources Inc. increased its position in shares of SunOpta by 1,015.0% in the 4th quarter. Franklin Resources Inc. now owns 587,749 shares of the company's stock valued at $4,526,000 after buying an additional 535,034 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SunOpta during the 4th quarter worth $4,027,000. Portolan Capital Management LLC raised its stake in SunOpta by 32.8% during the 4th quarter. Portolan Capital Management LLC now owns 1,667,498 shares of the company's stock worth $12,840,000 after buying an additional 411,567 shares during the period. Finally, Woodline Partners LP lifted its holdings in SunOpta by 26.2% during the fourth quarter. Woodline Partners LP now owns 1,541,019 shares of the company's stock worth $11,866,000 after acquiring an additional 320,284 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company's stock.
Insider Activity at SunOpta
In other SunOpta news, CEO Brian W. Kocher purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average cost of $5.72 per share, with a total value of $57,200.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $57,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.
View Our Latest Research Report on STKL
SunOpta Stock Down 1.7%
Shares of NASDAQ:STKL traded down $0.10 during midday trading on Friday, reaching $5.96. 1,343,624 shares of the company were exchanged, compared to its average volume of 786,613. The firm has a market cap of $700.55 million, a PE ratio of -33.11 and a beta of 1.47. SunOpta Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.11. The stock has a fifty day simple moving average of $5.12 and a two-hundred day simple moving average of $6.27. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $201.63 million for the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, sell-side analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current year.
About SunOpta
(
Free Report)
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.
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