Wealth Enhancement Advisory Services LLC Increases Stock Position in SunOpta, Inc. (NASDAQ:STKL)

Wealth Enhancement Advisory Services LLC grew its stake in SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 120.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,266 shares of the company's stock after purchasing an additional 46,068 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of SunOpta worth $410,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of SunOpta in the 4th quarter worth about $36,000. Bayesian Capital Management LP increased its stake 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 worth $89,000 after acquiring an additional 1,523 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of SunOpta by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after acquiring an additional 1,923 shares in the last quarter. EP Wealth Advisors LLC increased its stake 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 worth $113,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of SunOpta in the 4th quarter worth about $141,000. 85.39% of the stock is currently owned by institutional investors.

SunOpta Stock Up 1.6%

STKL stock traded up $0.10 during trading on Monday, hitting $6.23. 1,376,805 shares of the stock traded hands, compared to its average volume of 799,634. SunOpta, Inc. has a 1 year low of $3.65 and a 1 year high of $8.11. The firm's 50 day moving average is $5.79 and its two-hundred day moving average is $6.04. The stock has a market cap of $732.27 million, a price-to-earnings ratio of -47.92 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.43.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. SunOpta had a negative net margin of 1.90% and a positive return on equity of 11.65%. The company had revenue of $201.63 million for the quarter, compared to the consensus estimate of $195.09 million. On average, sell-side analysts anticipate that SunOpta, Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th.

Insider Buying and Selling

In other news, CEO Brian W. Kocher acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average cost of $5.72 per share, with a total value of $57,200.00. Following the transaction, the chief executive officer owned 10,000 shares of the company's stock, valued at $57,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company's stock.

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.