Trexquant Investment LP Boosts Stake in SunOpta, Inc. $STKL

Key Points

• Trexquant Investment LP increased its holdings in SunOpta, Inc. by 112.1%, owning approximately 287,697 shares valued at about $1.40 million after acquiring an additional 152,073 shares in the first quarter.
• SunOpta reported earnings of $0.04 per share for the most recent quarter, exceeding analyst expectations of $0.02, with revenue reaching $191.49 million, surpassing the consensus estimate of $185.36 million.
• CEO Brian W. Kocher purchased 10,000 shares of SunOpta stock at $5.72 per share, representing a significant increase in his ownership of the company.

Trexquant Investment LP raised its holdings in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 112.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 287,697 shares of the company's stock after buying an additional 152,073 shares during the quarter. Trexquant Investment LP owned about 0.24% of SunOpta worth $1,398,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of SunOpta by 120.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 84,266 shares of the company's stock valued at $410,000 after purchasing an additional 46,068 shares in the last quarter. Peregrine Capital Management LLC lifted its position in 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 acquiring an additional 254,800 shares during the period. Stifel Financial Corp bought a new stake in SunOpta during the fourth quarter worth about $326,000. Cetera Investment Advisers grew its holdings in 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 purchasing an additional 59,384 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of SunOpta by 5.1% in the 1st quarter. Rhumbline Advisers now owns 147,519 shares of the company's stock worth $717,000 after buying an additional 7,209 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

SunOpta Stock Down 0.8%

Shares of NASDAQ STKL traded down $0.05 during trading on Tuesday, reaching $6.42. The company had a trading volume of 429,133 shares, compared to its average volume of 852,463. SunOpta, Inc. has a 12-month low of $3.64 and a 12-month high of $8.11. The stock has a market cap of $754.62 million, a PE ratio of -107.00 and a beta of 1.35. The business's 50-day moving average is $6.22 and its 200 day moving average is $5.65. The company has a quick ratio of 0.39, a current ratio of 0.96 and a debt-to-equity ratio of 1.46.

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

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.