Jane Street Group LLC Decreases Position in SunOpta Inc. (NASDAQ:STKL)

Jane Street Group LLC decreased its position in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,855 shares of the company's stock after selling 76,411 shares during the quarter. 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 have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of SunOpta during the 4th quarter valued at about $36,000. D.A. Davidson & CO. bought a new stake in shares of SunOpta during the 4th quarter valued at about $81,000. Quadrant Capital Group LLC boosted its stake 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 purchasing an additional 1,923 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of SunOpta by 64.7% during the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company's stock valued at $139,000 after purchasing an additional 7,097 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of SunOpta by 371.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 19,052 shares of the company's stock valued at $144,000 after purchasing an additional 15,013 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company's stock.

SunOpta Stock Down 0.7%

NASDAQ:STKL traded down $0.04 during mid-day trading on Friday, hitting $5.70. 861,753 shares of the company's stock were exchanged, compared to its average volume of 777,523. SunOpta Inc. has a one year low of $3.65 and a one year high of $8.11. 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 business has a fifty day moving average price of $4.98 and a 200 day moving average price of $6.34. The company has a market cap of $669.99 million, a PE ratio of -31.66 and a beta of 1.47.

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, topping the consensus estimate 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 business had revenue of $201.63 million for the quarter, compared to analyst estimates of $195.09 million. Equities analysts predict that SunOpta Inc. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction dated 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 transaction, the senior vice president now directly owns 28,150 shares of the company's stock, valued at approximately $149,758. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

SunOpta 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.