Kornitzer Capital Management Inc. KS Raises Holdings in SunOpta, Inc. (NASDAQ:STKL)

Kornitzer Capital Management Inc. KS increased its holdings in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 21.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,700 shares of the company's stock after purchasing an additional 44,700 shares during the period. Kornitzer Capital Management Inc. KS owned 0.21% of SunOpta worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of SunOpta during the 4th quarter valued at $36,000. Bayesian Capital Management LP boosted 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 in the last quarter. Quadrant Capital Group LLC boosted its position in SunOpta by 15.2% in the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after buying an additional 1,923 shares in the last quarter. EP Wealth Advisors LLC boosted its position in SunOpta by 18.7% in the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after buying an additional 2,316 shares in the last quarter. Finally, Algert Global LLC acquired a new position in SunOpta in the fourth quarter valued at about $141,000. 85.39% of the stock is owned by hedge funds and other institutional investors.

SunOpta Stock Performance

Shares of STKL remained flat at $6.29 during mid-day trading on Friday. 617,001 shares of the stock traded hands, compared to its average volume of 811,413. SunOpta, Inc. has a twelve month low of $3.65 and a twelve month high of $8.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.43. The business has a 50 day simple moving average of $6.05 and a 200-day simple moving average of $5.95. The stock has a market capitalization of $739.33 million, a PE ratio of -48.38 and a beta of 1.43.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $201.63 million for the quarter, compared to analysts' expectations of $195.09 million. SunOpta had a negative net margin of 1.90% and a positive return on equity of 11.65%. As a group, analysts anticipate that SunOpta, Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Brian W. Kocher bought 10,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average cost of $5.72 per share, for a total transaction of $57,200.00. Following the transaction, the chief executive officer owned 10,000 shares of the company's stock, valued at $57,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

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.