Royce & Associates LP Reduces Holdings in SunOpta, Inc. (NASDAQ:STKL)

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 lowered its position in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,671,766 shares of the company's stock after selling 59,510 shares during the period. Royce & Associates LP owned about 1.40% of SunOpta worth $8,125,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STKL. Quarry LP acquired a new stake in SunOpta in the fourth quarter worth about $36,000. Bayesian Capital Management LP raised its position in SunOpta by 15.2% during the fourth 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 raised its position in SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after acquiring an additional 1,923 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of 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 purchased a new stake in shares of SunOpta in the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 85.39% of the company's stock.

SunOpta Price Performance

Shares of SunOpta stock traded down $0.24 on Monday, reaching $6.40. The company's stock had a trading volume of 684,538 shares, compared to its average volume of 857,040. The company has a market capitalization of $752.26 million, a P/E ratio of -49.23 and a beta of 1.43. SunOpta, Inc. has a 52-week low of $3.64 and a 52-week high of $8.11. The stock has a 50-day moving average price of $6.08 and a 200-day moving average price of $5.91. The company has a quick ratio of 0.43, a current ratio of 0.95 and a debt-to-equity ratio of 1.50.

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. SunOpta had a positive return on equity of 11.65% and a negative net margin of 1.90%. The business had revenue of $201.63 million during the quarter, compared to analysts' expectations of $195.09 million. Analysts expect that SunOpta, Inc. will post 0.13 EPS for the current year.

Insider Activity at SunOpta

In other news, CEO Brian W. Kocher purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was purchased at an average cost of $5.72 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company's stock.

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.