Skandinaviska Enskilda Banken AB publ Grows Position in SunOpta, Inc. (NASDAQ:STKL)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its holdings in SunOpta, Inc. by 11.9% during the first quarter, owning 670,399 shares valued at approximately $3.26 million.
• SunOpta's stock has seen a recent decline, trading down 2.8% at $6.22, with a market capitalization of $731.1 million and a twelve-month price range of $3.64 to $8.11.
• CEO Brian W. Kocher purchased 10,000 shares of SunOpta at $5.72 per share, increasing his position and demonstrating insider confidence in the company.

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 11.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 670,399 shares of the company's stock after purchasing an additional 71,256 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.56% of SunOpta worth $3,258,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Cetera Investment Advisers increased its position in shares of SunOpta by 12.2% in the first quarter. Cetera Investment Advisers now owns 90,697 shares of the company's stock worth $441,000 after purchasing an additional 9,865 shares during the last quarter. Templeton & Phillips Capital Management LLC bought a new position in shares of SunOpta in the first quarter worth approximately $408,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of SunOpta by 5.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 553,000 shares of the company's stock worth $2,688,000 after purchasing an additional 30,000 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of SunOpta by 13.5% in the first quarter. Tectonic Advisors LLC now owns 355,826 shares of the company's stock worth $1,729,000 after purchasing an additional 42,415 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in shares of SunOpta by 21.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 252,700 shares of the company's stock worth $1,228,000 after purchasing an additional 44,700 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

SunOpta Price Performance

Shares of STKL stock traded down $0.24 during trading on Friday, hitting $5.60. The company had a trading volume of 515,434 shares, compared to its average volume of 860,080. 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 stock's 50-day moving average is $6.08 and its two-hundred day moving average is $5.90. The stock has a market capitalization of $657.64 million, a price-to-earnings ratio of -42.73 and a beta of 1.43. SunOpta, Inc. has a 52 week low of $3.64 and a 52 week high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data 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 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 predict that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Insider Transactions at SunOpta

In other news, CEO Brian W. Kocher bought 10,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was acquired at an average price of $5.72 per share, with a total value of $57,200.00. Following the completion of the purchase, the chief executive officer directly owned 10,000 shares in the company, valued at $57,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate 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.