SunOpta, Inc. (NASDAQ:STKL) Shares Acquired by Skandinaviska Enskilda Banken AB publ

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 increased its holdings in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 11.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cetera Investment Advisers increased its position in shares of SunOpta by 12.2% during the 1st 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 purchased a new position in SunOpta during the 1st quarter valued at about $408,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in SunOpta by 5.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 553,000 shares of the company's stock valued at $2,688,000 after acquiring an additional 30,000 shares in the last quarter. Tectonic Advisors LLC grew its position in SunOpta by 13.5% in the 1st quarter. Tectonic Advisors LLC now owns 355,826 shares of the company's stock valued at $1,729,000 after acquiring an additional 42,415 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in SunOpta by 21.5% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 252,700 shares of the company's stock valued at $1,228,000 after acquiring an additional 44,700 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Trading Down 2.8%

NASDAQ STKL traded down $0.18 during trading on Tuesday, hitting $6.22. The stock had a trading volume of 717,819 shares, compared to its average volume of 758,061. The company has a market capitalization of $731.10 million, a PE ratio of -47.85 and a beta of 1.43. 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 50 day moving average price of $6.08 and a 200 day moving average price of $5.90. SunOpta, Inc. has a twelve month low of $3.64 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $201.63 million during the quarter, compared to the consensus estimate 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, equities research analysts forecast 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 on Tuesday, June 10th. The stock was bought at an average cost of $5.72 per share, with a total value of $57,200.00. Following the transaction, the chief executive officer directly owned 10,000 shares in the company, valued at $57,200. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate 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.