SunOpta Inc. (NASDAQ:STKL) Stock Holdings Lessened by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 65.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,855 shares of the company's stock after selling 76,411 shares during the period. Jane Street Group LLC's holdings in SunOpta were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hodges Capital Management Inc. lifted its holdings in shares of SunOpta by 1.2% in the 4th quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company's stock worth $28,081,000 after purchasing an additional 42,232 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of SunOpta by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company's stock valued at $17,002,000 after acquiring an additional 71,116 shares during the period. Geode Capital Management LLC grew its position in shares of SunOpta by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,143,323 shares of the company's stock worth $16,508,000 after acquiring an additional 15,433 shares during the last quarter. Royce & Associates LP grew its position in shares of SunOpta by 12.5% during the fourth quarter. Royce & Associates LP now owns 1,731,276 shares of the company's stock worth $13,331,000 after acquiring an additional 192,780 shares during the last quarter. Finally, Portolan Capital Management LLC increased its holdings in shares of SunOpta by 32.8% in the 4th quarter. Portolan Capital Management LLC now owns 1,667,498 shares of the company's stock worth $12,840,000 after acquiring an additional 411,567 shares during the period. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were 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 directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

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 STKL stock traded down $0.00 during midday trading on Thursday, reaching $5.76. 2,168,597 shares of the company were exchanged, compared to its average volume of 771,027. The company's 50 day moving average price is $4.96 and its two-hundred day moving average price is $6.35. The company has a market cap of $676.92 million, a P/E ratio of -32.08 and a beta of 1.50. SunOpta Inc. has a 12 month low of $3.65 and a 12 month high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $201.63 million for the quarter, compared to analyst estimates of $195.09 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, sell-side analysts expect 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.