SunOpta, Inc. (NASDAQ:STKL) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP has reduced its stake in SunOpta, Inc. by 3.4%, owning approximately 1.40% of the company, valued at $8.13 million.
• Several large investors have increased their positions in SunOpta, indicating growing institutional interest, with institutions now owning 85.39% of the company's stock.
• SunOpta reported an earnings per share (EPS) of $0.04 for the last quarter, surpassing analysts' expectations, with revenues reaching $201.63 million.

Royce & Associates LP decreased its holdings in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,671,766 shares of the company's stock after selling 59,510 shares during the quarter. Royce & Associates LP owned about 1.40% of SunOpta worth $8,125,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Granahan Investment Management LLC grew its holdings in shares of SunOpta by 26.9% in the fourth quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company's stock valued at $21,423,000 after purchasing an additional 589,485 shares during the period. Vanguard Group Inc. boosted its stake in SunOpta by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company's stock worth $17,002,000 after buying an additional 71,116 shares during the period. Geode Capital Management LLC boosted its stake in 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 buying an additional 15,433 shares during the period. Harbor Capital Advisors Inc. boosted its stake in SunOpta by 4.3% during the first quarter. Harbor Capital Advisors Inc. now owns 1,836,989 shares of the company's stock worth $8,928,000 after buying an additional 75,067 shares during the period. Finally, Portolan Capital Management LLC boosted its stake in SunOpta by 32.8% during the fourth 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. Hedge funds and other institutional investors own 85.39% of the company's stock.

Insider Activity

In other SunOpta news, CEO Brian W. Kocher purchased 10,000 shares of SunOpta stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average price of $5.72 per share, with a total value of $57,200.00. Following the completion of the transaction, the chief executive officer owned 10,000 shares of the company's stock, valued at $57,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

SunOpta Trading Up 0.7%

STKL stock traded up $0.05 during mid-day trading on Wednesday, hitting $6.27. 240,195 shares of the company were exchanged, compared to its average volume of 851,265. The company has a quick ratio of 0.43, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $736.40 million, a P/E ratio of -48.19 and a beta of 1.43. The business has a fifty day simple moving average of $6.08 and a 200-day simple moving average of $5.91. SunOpta, Inc. has a 12-month low of $3.64 and a 12-month high of $8.11.

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 for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $201.63 million during the quarter, compared to analyst estimates of $195.09 million. SunOpta had a negative net margin of 1.90% and a positive return on equity of 11.65%. On average, equities research analysts predict that SunOpta, Inc. will post 0.13 earnings per share for the current fiscal 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.