Trexquant Investment LP Increases Stock Holdings 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 boosted its stake in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 112.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 287,697 shares of the company's stock after acquiring an additional 152,073 shares during the quarter. Trexquant Investment LP owned about 0.24% of SunOpta worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bayesian Capital Management LP lifted its holdings in shares of SunOpta by 15.2% in the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after buying an additional 1,523 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of SunOpta by 18.7% in the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after buying an additional 2,316 shares during the period. Quantbot Technologies LP acquired a new position in SunOpta during the first quarter worth $123,000. Algert Global LLC acquired a new position in SunOpta during the fourth quarter worth $141,000. Finally, Corton Capital Inc. acquired a new position in SunOpta during the fourth quarter worth $150,000. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Price Performance

STKL stock traded up $0.17 during midday trading on Thursday, hitting $6.39. 398,557 shares of the stock were exchanged, compared to its average volume of 530,871. The stock's 50-day moving average price is $6.23 and its 200-day moving average price is $5.65. The stock has a market cap of $755.23 million, a price-to-earnings ratio of -106.50 and a beta of 1.35. SunOpta, Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $191.49 million during the quarter, compared to analysts' expectations of $185.36 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. Research analysts predict 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.