SunOpta Inc. (NASDAQ:STKL) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 203.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 193,100 shares of the company's stock after acquiring an additional 129,500 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.16% of SunOpta worth $938,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in SunOpta in the 4th quarter worth approximately $36,000. D.A. Davidson & CO. acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $81,000. Bayesian Capital Management LP lifted its position in SunOpta by 15.2% during the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after buying an additional 1,523 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after buying an additional 1,923 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in SunOpta by 18.7% during the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock worth $113,000 after buying an additional 2,316 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Stock Up 0.7%

Shares of SunOpta stock traded up $0.04 during trading hours on Tuesday, reaching $5.72. 682,576 shares of the company were exchanged, compared to its average volume of 777,180. The firm has a market cap of $672.34 million, a PE ratio of -31.78 and a beta of 1.47. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. SunOpta Inc. has a 1 year low of $3.65 and a 1 year high of $8.11. The stock's fifty day moving average is $5.02 and its 200 day moving average is $6.29.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted 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. The company had revenue of $201.63 million during the quarter, compared to analysts' expectations of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, equities research analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current year.

Insider Activity at SunOpta

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares in the company, valued at approximately $149,758. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

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

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.