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

Wealth Enhancement Advisory Services LLC grew its stake in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 120.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,266 shares of the company's stock after acquiring an additional 46,068 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of SunOpta worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP purchased a new position in shares of SunOpta during the 4th quarter worth approximately $36,000. Bayesian Capital Management LP increased its stake in shares of SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after purchasing an additional 1,523 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of SunOpta by 15.2% during the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after purchasing an additional 1,923 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of SunOpta by 18.7% during the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock worth $113,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of SunOpta during the 4th quarter worth approximately $141,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Price Performance

Shares of STKL traded up $0.27 during mid-day trading on Thursday, reaching $6.48. 688,117 shares of the company's stock were exchanged, compared to its average volume of 808,478. The company has a quick ratio of 0.43, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $5.91 and a two-hundred day simple moving average of $6.03. SunOpta, Inc. has a 52-week low of $3.65 and a 52-week high of $8.11. The company has a market cap of $761.66 million, a price-to-earnings ratio of -49.85 and a beta of 1.43.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $201.63 million during the quarter, compared to analysts' expectations of $195.09 million. On average, sell-side analysts predict that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Brian W. Kocher bought 10,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was purchased at an average cost of $5.72 per share, with a total value of $57,200.00. Following the purchase, the chief executive officer owned 10,000 shares of the company's stock, valued at approximately $57,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 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.