Tectonic Advisors LLC increased its stake in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 355,826 shares of the company's stock after acquiring an additional 42,415 shares during the quarter. Tectonic Advisors LLC owned about 0.30% of SunOpta worth $1,729,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS raised its stake in SunOpta by 21.5% during the first quarter. Kornitzer Capital Management Inc. KS now owns 252,700 shares of the company's stock valued at $1,228,000 after purchasing an additional 44,700 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in SunOpta by 1.1% during the first quarter. Envestnet Asset Management Inc. now owns 1,103,918 shares of the company's stock valued at $5,365,000 after purchasing an additional 11,584 shares in the last quarter. Peregrine Capital Management LLC raised its stake in SunOpta by 30.7% during the first 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. Riverwater Partners LLC purchased a new stake in SunOpta during the first quarter valued at $1,410,000. Finally, Johnson Investment Counsel Inc. raised its stake in SunOpta by 26.8% during the first quarter. Johnson Investment Counsel Inc. now owns 34,244 shares of the company's stock valued at $166,000 after purchasing an additional 7,246 shares in the last quarter. Institutional investors own 85.39% of the company's stock.
Insider Buying and Selling
In related news, CEO Brian W. Kocher purchased 10,000 shares of SunOpta stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of $5.72 per share, with a total value of $57,200.00. Following the purchase, the chief executive officer directly owned 10,000 shares of the company's stock, valued at approximately $57,200. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.
SunOpta Trading Down 1.9%
Shares of STKL opened at $6.14 on Tuesday. SunOpta, Inc. has a twelve month low of $3.65 and a twelve month high of $8.11. The company has a market cap of $721.71 million, a P/E ratio of -47.23 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.43 and a debt-to-equity ratio of 1.50. The company's fifty day simple moving average is $5.98 and its 200-day simple moving average is $5.98.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced 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 business had revenue of $201.63 million for the quarter, compared to the consensus estimate 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 expect that SunOpta, Inc. will post 0.13 EPS for the current year.
SunOpta Company Profile
(
Free Report)
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.
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