290,123 Shares in SunOpta, Inc. (NASDAQ:STKL) Bought by Riverwater Partners LLC

Riverwater Partners LLC acquired a new position in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 290,123 shares of the company's stock, valued at approximately $1,410,000. Riverwater Partners LLC owned approximately 0.24% of SunOpta at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Johnson Investment Counsel Inc. increased its holdings in shares of SunOpta by 26.8% during the first quarter. Johnson Investment Counsel Inc. now owns 34,244 shares of the company's stock valued at $166,000 after acquiring an additional 7,246 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SunOpta by 120.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 84,266 shares of the company's stock valued at $410,000 after acquiring an additional 46,068 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of SunOpta by 4.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,836,989 shares of the company's stock valued at $8,928,000 after acquiring an additional 75,067 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of SunOpta by 203.6% during the first quarter. Wesbanco Bank Inc. now owns 193,100 shares of the company's stock valued at $938,000 after acquiring an additional 129,500 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of SunOpta by 5.1% during the first quarter. Rhumbline Advisers now owns 147,519 shares of the company's stock valued at $717,000 after acquiring an additional 7,209 shares in the last quarter. Institutional investors own 85.39% of the company's stock.

SunOpta Stock Performance

NASDAQ STKL traded down $0.06 during trading hours on Monday, hitting $5.93. The company's stock had a trading volume of 787,420 shares, compared to its average volume of 792,141. SunOpta, Inc. has a 12 month low of $3.65 and a 12 month high of $8.11. The company's 50 day simple moving average is $5.40 and its two-hundred day simple moving average is $6.16. The company has a market cap of $697.01 million, a P/E ratio of -45.62 and a beta of 1.47. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.43.

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 the consensus estimate of $0.02 by $0.02. The business had revenue of $201.63 million for the quarter, compared to analysts' expectations of $195.09 million. SunOpta had a positive return on equity of 11.65% and a negative net margin of 1.90%. As a group, sell-side analysts expect that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In related news, CEO Brian W. Kocher acquired 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were purchased at an average cost of $5.72 per share, with a total value of $57,200.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $57,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

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

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.