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

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of SunOpta by 120.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 84,266 shares of the company's stock valued at $410,000 after buying an additional 46,068 shares during the last quarter. Peregrine Capital Management LLC grew its position in shares of SunOpta by 30.7% during the 1st quarter. Peregrine Capital Management LLC now owns 1,084,518 shares of the company's stock valued at $5,271,000 after purchasing an additional 254,800 shares in the last quarter. Cetera Investment Advisers raised its position in shares of SunOpta by 276.9% in the fourth quarter. Cetera Investment Advisers now owns 80,832 shares of the company's stock worth $622,000 after buying an additional 59,384 shares in the last quarter. Rhumbline Advisers raised its position in shares of SunOpta by 5.1% in the first quarter. Rhumbline Advisers now owns 147,519 shares of the company's stock worth $717,000 after buying an additional 7,209 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in SunOpta by 20.6% during the first quarter. Mackenzie Financial Corp now owns 337,523 shares of the company's stock valued at $1,637,000 after buying an additional 57,688 shares during the period. Institutional investors own 85.39% of the company's stock.

SunOpta Price Performance

Shares of NASDAQ STKL traded down $0.03 during midday trading on Tuesday, hitting $6.39. 80,410 shares of the company's stock were exchanged, compared to its average volume of 839,950. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. SunOpta, Inc. has a 12-month low of $3.64 and a 12-month high of $8.11. The company has a market cap of $754.64 million, a price-to-earnings ratio of -106.58 and a beta of 1.35. The business's fifty day moving average price is $6.23 and its two-hundred day moving average price is $5.63.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 earnings per share 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 firm had revenue of $191.49 million for the quarter, compared to analysts' expectations of $185.36 million. As a group, research analysts forecast that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

SunOpta Company 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.