Cubist Systematic Strategies LLC Increases Holdings in SunOpta, Inc. $STKL

Key Points

• Cubist Systematic Strategies LLC significantly increased its holdings in SunOpta, Inc. by 1,095.9% in Q1, owning a total of 58,598 shares valued at $285,000.
• Other institutional investors also boosted their stakes, with Wealth Enhancement Advisory Services LLC increasing holdings by 120.6% and Peregrine Capital Management LLC by 30.7% in the same period.
• SunOpta reported a quarterly earnings per share (EPS) of $0.04, surpassing analysts' estimates of $0.02, amid a revenue of $191.49 million for the quarter.

Cubist Systematic Strategies LLC raised its holdings in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 1,095.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 58,598 shares of the company's stock after acquiring an additional 53,698 shares during the period. Cubist Systematic Strategies LLC's holdings in SunOpta were worth $285,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in SunOpta in the first quarter valued at $81,000. EP Wealth Advisors LLC increased its stake in shares of SunOpta by 18.7% during the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after acquiring an additional 2,316 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of SunOpta during the 1st quarter valued at about $123,000. PharVision Advisers LLC purchased a new stake in SunOpta in the fourth quarter valued at approximately $153,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in SunOpta during the first quarter worth approximately $156,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Trading Down 1.4%

STKL stock traded down $0.09 on Wednesday, hitting $6.33. 421,022 shares of the company were exchanged, compared to its average volume of 477,010. SunOpta, Inc. has a twelve month low of $3.64 and a twelve month high of $8.11. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39. The business's fifty day moving average is $6.23 and its two-hundred day moving average is $5.64. The stock has a market capitalization of $748.14 million, a price-to-earnings ratio of -105.50 and a beta of 1.35.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. The company had revenue of $191.49 million during the quarter, compared to analysts' expectations of $185.36 million. As a group, research analysts forecast that SunOpta, Inc. will post 0.13 earnings per share for the current year.

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.